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8-39. An automobile manufacturing company in Country is considering the construction and operation of a large plant on the eastern seaboard of the United States.

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8-39. An automobile manufacturing company in Country is considering the construction and operation of a large plant on the eastern seaboard of the United States. Their MARR 20\% per year on a before-tax basis. (This is a market rate relative to their currency in Country X.) The study period used by the company for this type of investment is 10 years. Additional information is provided as follows: - The currency in Country is the -Kron. - It is estimated that the U.S. dollar will become weaker relative to the -Kron during the next 10 years. Specifically, the dollar is estimated to be devalued at an average rate of 2.2% per year. - The present exchange rate is 92 -Krons per U.S. dollar. - The estimated before-tax net cash flow (in U.S. dollars) is as follows: Based on a before-tax analysis, will this project meet the company's economic decision criterion

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