Grupo Milano is a multinational manufacturer of small gasoline-generator motor scooters located in Iraly. Most of its cash flow is gencrated in euros. Grupo Milano wishes to access the international debt markets for short-term capital, which it hopes will be cheaper than the bank credit it has been using for many years.

If Grupo Milano issues a total principal of \(€ 400,000,000\) in Furo-commercial paper (ECP) at a discount, with the following characteristics, what are the total proceeds to Grupo Milano of the following issues:

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Issue 90-day ECP Notional Principal Yield 250,000,000 7.40% 180-day ECP 150,000,000 7,80%