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Brower, Inc., is an US based company just constructed a manufacturing plant in Ghana. The construction cost 9 million Ghanian cedi. Brower intends to leave

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Brower, Inc., is an US based company just constructed a manufacturing plant in Ghana. The construction cost 9 million Ghanian cedi. Brower intends to leave the plant open for 3 years. During the 3 years of operation, cedi cash flows are expected to be 3 million cedi, 3 million cedi and 2 million cedi, respectively. Operating cash flows will begin one year from today and are remitted back to the parent at the end of each year. Brower has a required rate of return 17 percent. The exchange rate is as follows: Year 0 1 2 3 Forecasted Exchange 8.7cedi/USD 9.135 cedi/USD 9.529 cedi/USD 10.071 cedi/USD Based on the information given, calculate the net present value and salvage value for end of operation. 120 marks)

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