4. IAMUS is a multinational manufacturing company based in the US. Being in charge of IAMUS's financial planning; you are considering whether to undertake a 1-year project in Turkey. The project's expected TL-denominated cash flows consist of an initial investment of TL10 million and a net cash inflow of TL13 million the following year. IAMUS estimates that its risk-adjusted cost of capital is 12%. Currently, 1 U.S. dollar will buy 7.35 Turkish Liras. In addition, 1-year risk-free securities in the United States are yielding 2.5%, while similar securities in Turkey are yielding 20%. a. What is the expected forward exchange rate 1 year from now? (8 Pts) b. If IAMUS undertakes the project, what is the net present value and rate of return of the project for IAMUS? (9 Pts) c. If this project were instead undertaken by a similar Turkey-based company with a risk-adjusted cost of capital of 30%, what would be the net present value and rate of return generated by this project? (8 Pts)