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An Australian firm is evaluating a proposal to build a new plant in the US. The expected cash flows in US$ (in millions) are as

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An Australian firm is evaluating a proposal to build a new plant in the US. The expected cash flows in US$ (in millions) are as follows: Year 0,-100; Year 1, 40; Year 2, 50; Year 3, 60. The discount rate in A$ is 10%, while the discount rate in US$ is 12% and the spot rate is US$0.6488/A$. Calculate the NPV in A$. A$28.18 millions A$22.76 millions A$24.06 millions A$26.62 millions

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