Atro Co. (a U.S. firm) considers a foreign project in which it expects to receive 10 million euros at the end of one year, Although it realites that its receivobles are uncertain, it decides to hedge recenvables of 10 million euros with a forward contract today. As of today, the spot rate of the euro is $1.23; while the one-year forward rate af the euro is presently 51.26 , and the expected spot rate of the euro in one year is $1.22. The initial outlay of this project is $7 million. Atro has a required return of 21 percent. a. Estimate the NPV of this project based on the expectation of to milion euros in receivables, Do not round intermediate calcullations. Round your arisiser to the nearest doliar, Use. a minus signi to enter a negative valiae, if any. b. Now eutimate the NPV bsted on tha posebulay that country risk could caske a reducion in foreven business usch that Atro Co. only receives 4 irulion euros instead of so wilhan Curos at the end of ine Yeas. Eatmate the net present value of the project if this forme of country ink occurs. Do not round mitermetiate cakcilations, found your anwer to the nearest dollar Use a minus sign to enter a neootive valie, it any. 5