3. Perrty Co. is a firm based in lowa, US is considering investing in a project at Poland. The duration of the project is 3 years. At the end 3 years Perrty Co. will sell the project to a local firm. The initial investment of the project is $300,000. According to Perrty Co.'s financial analyst the cost of capital for the similar project in US is 10 percent. The projected cash flow as following: Year Cash Flow Forecasted Exchange 1 PLN 30,000 $ 3.3047 2 PLN 70,000 $3.3289 3 PLN 12,000 $3.3113 Compute the potential investment's Net Present Value (NPV) in US$. (a) (10 marks) (b) Calculate the terminal value Perrty Co should sell the project at end of year 3 to a local company with an exchange rate of $3.3113/PLN. (8 marks)