# Corporate development vs. corporate strategy internships

## A higher integration cost changes the price you can pay

All amounts are fictional millions of dollars. Future operating benefits are already discounted to present value; investment and integration costs are paid now.

### Change one acquisition assumption

| Input | Build | Buy |
| --- | --- | --- |
| Present value of operating benefits | 9 | 14 |
| Development or purchase cost | 6 | To be negotiated |
| Integration cost | 0 | 3, increased from 2 |

## Your turn

What acquisition price now makes buying equal to building? Does the earlier $9 million price still work?

## Your answer

[Write your approach here.]

## For your own application

Update the decision threshold when the underlying costs change.

Return to the guide for the worked answer and source notes:
https://internshipdeadlines.com/guides/corporate-development-vs-corporate-strategy-internships