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3. Construct a spreadsheet to compare the cash flows resulting from two plans. Under the first plan, net bahtdenominated cash flows (received today) will be

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3. Construct a spreadsheet to compare the cash flows resulting from two plans. Under the first plan, net bahtdenominated cash flows (received today) will be invested in Thailand at 15 percent for a 1-year period, after which the baht will be converted to dollars. The expected spot rate for the baht in 1 year is about $.022 (Ben Holt's plan). Under the second plan, net baht-denominated cash flows are converted to dollars immediately and invested in the United States for 1 year at 8 percent. For this question, assume that all baht-denominated cash flows are due today. Does Holt's plan seem superior in terms of dollar cash flows available after 1 year? Compare the choice of investing the funds versus using the funds to provide needed financing to the firm

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