3. (WACC Evaluations) Your company is considering an investment in the euro area. The expected cash flows in Euros are uncorrelated to the spot exchange rate: Free Cash Flow million euros Year 0 Year 1 Year 2 Year 3 Year 4 -25, 12 ,14 1,5 1,5 The project has similar dollar risk to the companys other projects. The company knows that its overall dollar WACC is 9.5%, so it feels comfortable using this WACC for the project. The risk-free interest rate on dollars is 4.5% and the risk-free interest rate on euros is 7%. The company is willing to assume that the capital markets in the United States and the euro area are internationally integrated. a) What is the companys euro WACC? b) What is the NPV of the project in euros?