Boomerang (an MNC) is considering establishing a two-year project in New Zealand with a $30 million initial investment. The required rate of return on this project is 16 percent. The project is expected to generate operating cash flows of $20,850,000, measured in today's dollars.

What is the break-even salvage value?

What is Boomerangs break-even value salvage value in NZ$ if the exchange rate is $0.60 per NZ$?