a. Duv Co. (a U.S. frrm) is planning to invest 54.5 million in a project in Portugal that will exist for one ear. Its required rate of return on this project is 23 percent. It expects to receive cash flows of 4 million euros in one year from this project. The spod rate of the euro in one year is expected to be 51.40 . The one-year forward rate of the euro is. presently $1:30. Duv Co. Wants to account also for the 20 percent probability of a crisis in Portugal. If this crisis occurs, Dur would reduce its expected cash flows to 2 miffion euros in one year. Duv Co. does not plan to hedge its expected cash flows. Show the dotribution of possoble outcomes for the project's estimated net peesent value, including the nrobability of each possible outcome. Do not round intermediate calculations. Round your answers for probability to the nearest whole number and for net present value of cash flows to the nearest dollat. Use a minus sign to enter negative values, if any. b. Now assume that Duy ptane to hedge the cash flows that it believes it will receive if a crisis in Mortiagal occurs. Howeveg, it deodes not to hedge additionat cash flown that it would recelve if the ensis does nos occur, Esimate what the net present value of the project will be bosed on the hedging strateay dencribed here and assumung that a crisis in Porrugal does not occur, Do not round imermediate caloulations. Round your answer to the nearest dollar: USe a minus sigh to enter a negative value, if any