A U.S. computer manufacturer wants to open a subsidiary in India. A summary of expected after tax cash flows is shown in the table below. All the net cash flows are expected to be remitted to the parent. Ignore all taxes. The spot rate is INR75.10/, and the Indian Rupee is expected to depreciate by 5% per year, indefinitely. The weighted average cost of capital applicable to the project is 11%. Calculate the NPV and IRR of the project in dollar terms and offer a recommendation on whether to proceed with it or not, based on these criteria. Year Item 0 1 2 3 4 5 INR Cash Inflows in millions 12.25 15.77 18.95 22.87 28.43 INR Cash Outflows in millions 33.00 0.25 0.40 0.63 1.22 1.27 $ Cash Outflows in millions 0.016 0.023 0.035 0.049 0.058 0.071 Show all your work in either a word file or an excel spreadsheet for full credit. (5 points)