9. (10 points) A U.S.-based construction company contemplates construction of a power plant in South Africa The company will recoup S 150 minvestment by receiving Rand (R) 300 million. R 375 million and R 400 million at the end ofyears l. 2 and 3, Rand is expected to appreciate at 90% per year in the near term. Compute expected future spot exchange rates in order to find dollar equivalent NPV and IRR ir current spot rate is R4.75/S and S cost of capital is 10%. R CFs (millions) R/S (9% annual Year as proposed 0 4.75 ( 150.00) 1 R 300 2 R 375 3 R 400 NPVs $ IRR- 0