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Boomerang (an MNC) is considering establishing a two-year project in New Zealand with a $30,000,000 initial investment. The required rate of return on this project

Boomerang (an MNC) is considering establishing a two-year project in New Zealand with a $30,000,000 initial investment. The required rate of return on this project is 18% . The project is expected to generate operating cash flows of NZ $20,850,000 measured in today's dollars.

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

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