GLOBAL ENTERPRISE plc is an international manufacturing company domiciled within the EU. The company plans the Ventgo project for manufacturing in Anderia, a sovereign nation outside the euro zone. So, the manufacturing costs will be denominated in Anderian dollars (A). Labor costs in Anderia are low, but the country exacts a relatively high 50% rate of Corporation Tax. The country does not tax dividends remitted by inward investors to foreign countries, however. Given below are the expected (real) manufacturing cash flows in Anderian dollars (millions) for the five-year project.

Economic forecasters predict a 17% annual rate of inflation for Anderia. Calculate the expected nominal annual before-tax manufacturing cash flow in Anderian dollars for the Ventgo project.

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