BPress is an American media company that is considering launching some newspapers targetting American expats in Europe. The company is projecting the following sales $($in millions of euros$)$ and costs $($in millions of dollars$).$

$\backslash$table$[[,$A$,B,0,$D$,$E$],[1,$Year,$0,1.,2,3],[2,$Sales $($E million$),0,120,144,158\mathrm{.}4],[3,$Costs $($$ million$),0,84,1008,110\mathrm{.}88]]$

The project requires a new printing press that costs $$150$ million to purchase and install. After year $3,$ production will end and the new machine will be scrapped without cost or resale value. The equipment can be depreciated straight to zero over $3$ years. The project doesn't require any additional working capital.

BPress will hedge exchange rate risk by using fonward contracts. The current spot rate is $1\mathrm{.}27$ dollars per euro. Yield cumes are flat in both markets, with American risk$-$free interest rates at $5\%$ and Euro interest rates at $2\%.$

The company has a weighted average dollar cost of capital of $12\%$ and a marginal tax rate of $28\%.$

Part $1$

Attempt $\frac{2}{10}$ for $89$ pts$.$

What is the dollar yalue of sales in year $3($in $ million$)?$

$$

Part $2$

Attempt $\frac{1}{10}$ for $10$ pts$.$

Extend the spreadsheet to find the cash flow $($CF$)$ for each year. What is the CF in year $3($in $ million$)?$

$$

Part $3$

Attempt $\frac{1}{10}$ for $10pts.$

What is the NPV of the project $($in $ million$)?$