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 realizes that its receivables are uncertain, it decides to hedge receivables 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 of the euro is presently $1.26, and the expected spot rate of the euro in one year is $1.22. The initial outlay of this project is $8 million. Atro has a required return of 20 percent. a. Estimate the NPV of this project based on the expectation of 10 million euros in receivables. Do not round intermediate calculations. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any. $ b. Now estimate the NPV based on the possibility that country risk could cause a reduction in foreign business such that Atro Co. only receives 4 million euros instead of 10 million euros at the end of one year. Estimate the net present value of the project if this form of country risk occurs. Do not round intermediate calculations. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any. 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 realizes that its receivables are uncertain, it decides to hedge receivables 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 of the euro is presently $1.26, and the expected spot rate of the euro in one year is $1.22. The initial outlay of this project is $8 million. Atro has a required return of 20 percent. a. Estimate the NPV of this project based on the expectation of 10 million euros in receivables. Do not round intermediate calculations. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any. $ b. Now estimate the NPV based on the possibility that country risk could cause a reduction in foreign business such that Atro Co. only receives 4 million euros instead of 10 million euros at the end of one year. Estimate the net present value of the project if this form of country risk occurs. Do not round intermediate calculations. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any