Question
A corporate financial analyst working in China has created a 5-year NPV model with all numbers expressed in the Chinese currency. Total NPV is calculated
A corporate financial analyst working in China has created a 5-year NPV model with all numbers expressed in the Chinese currency. Total NPV is calculated to be CNY 8.9 million. The exchange rate is USDCNY 6.9338.
What is Total NPV in USD?
Group of answer choices
USD 1.28 million
USD 61.71 million
None of the above
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Financial Risk Manager Handbook
Authors: Philippe Jorion
6th Edition
0470904011, 978-0470904015
