3. An American firm is evaluating an investment in Mexico. The project will require purchasing equipment from a variety of sources and shipping it to Mexico. The projected cost of buying the equipment and shipping it is $10 million. Once the project begins operations, it is expected to last for 6 years (assume straight line depreciation). Expected sales are $5,000,000 each year in the U.S. and the costs of the project are projected to be 40 million pesos each year for the 6 years. If taxes are 30%, the appropriate discount rate is 10% and you use the current exchange rate for pesos: (a) Calculate the NPV in U.S. dollars. (Show all calculations and ignore working capital) (b) Calculate the NPV in Mexican pesos. (Show all calculations and ignore working capital)