An MNC is considering establishing a two-year project in New Zealand with a $35 million initial investment. The required rate of retum on this project is 16 percent. The project is expected to generate cash flows of NZS15 million in Year 1 and NZS30 million in Your 2, excluding the salvage value. Assume no taxes and a stable exclunge rate of 5.60 per NZS over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value? about NZ$37 million about NZS15 million about NZS31 million about NZSI1 million about NZ$25 million