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A U.S. company is evaluating a 2-year investment project in U.K. The investment involves an initial Investment of 6 million pounds and is expected to

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A U.S. company is evaluating a 2-year investment project in U.K. The investment involves an initial Investment of 6 million pounds and is expected to generate cash flows of 4 million pounds each year in the next two years. The spot exchange rate is 1.5 dollar pound. Suppose the one year and two-year expected exchanges rates are, respectively, 148 dollar/pound and 1.52 dollar/pound (both hypothetical numbers. Use them in your calculation here.) Suppose the appropriate WACC for this project is 10%, estimate the NPV of the project. Express your answer in milion dollars and keep two decimal places. Click Save and Submit to we and it. Click Save All Arola

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