3 Etemadi Amalgamated, a U.S. manufacturing firm, is considering a new project in Portugal. You are in Etemadi's corporate finance department and are responsible for deciding whether to undertake the project. The expected free cash flows, in euros, are shown here: Year 0 1 2 Free Cash Flow ( million) - 27.2 13.3 14.2 5.9 9.8 You know that the spot exchange rate is S = $1.1232/ . In addition, the risk-free interest rate on dollars is 5.1% and the risk-free interest rate on euros is 4.4%. Assume that these markets are internationally integrated and the uncertainty in the FCFs is not correlated with uncertainty in the exchange rate. You determine that the dollar WACC for these cash flows is 8.8%. What is the dollar present value of the project? Should Etemadi Amalgamated undertake the project? The dollar net present value of the project is $ million. (Round to three decimal places.) Based on the NPV, Etemadi Amalgamated undertake the project. (Select from the drop-down menu.)