Calculate the net present value for a proposed boardgame factory to France with the following attributes! initial investment in dollars: $ 8m number of boardgames projected sold: Year 1: 80,000 year 2: 100,000 year 3: 1m unit price of boardgames: year 1. Euro 20 Year 2 Euro 30 Year 3 Euro 30 variable cost per unit is Euro 10/ unit in all three years Fixed costs per year Euro 500,000 Depreciation expense per year Euro 200,000 Salvage value Euro 2m Local income tax 15% Remittance rate 100% Withholding tax on remittances 10% Projected exchange rate: Year 1 $1.1/Euro Year 2: $12/Euro Year 3 $ 1.3 /Euro Required rate of return for the project 20% Before tax earnings of subsidiary (Euro) Year2 Year 1 Year 3 Net CF to subsidiary (Euro) Year 1 Year2 Year 3 CF remitted to parent after withholding tax in Euro (without salvage value) Year 1 Year2 Year 3 CF to parent in dollars (including salvage value) Year 1 Year2 Year 3 Net present value of project in dollars