A French company is considering a project in US. The project will cost $100M. The cash flows are expected to be $30M per year for 5 years. The current spot exchange rate is $1.20/ . The risk-free rate in the US is 1%, and the risk-free rate in Europe is 2%. The dollar required return on the project is 12%. Find the NPV in home currency using home currency approach. The answers below are in millions.

Please help solve above question, the correct answer is one of options below.

		-0.747
		0.026
		7.1
		57
		47