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A U.S. firm is analyzing a potential investment project in another country. It is estimated that currency X (currency in the foreign market) will be

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A U.S. firm is analyzing a potential investment project in another country. It is estimated that currency X (currency in the foreign market) will be devalued in the international market at an average of 3% per year relative to the U.S. dollar over the next several years. The estimated before-tax cash flow (in currency X) of the project is as follows: If the MARR value of the U.S. firm is 25% per year, is the project economically justified

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