Carpet Baggers Incorporated is proposing to construct a new bagging plant in a country in Europe. The two prime candidates are

Germany and Switzerland. The forecast cash flows from the proposed plants are as follows:

The spot exchange rate for euros is EUR$/$USD $=1\mathrm{.}4,$ while the rate for Swiss francs is USD$/$CHF $=1\mathrm{.}6.$ The interest rate is $6\%$ in the

United States, $3\%$ in Switzerland, and $5\%$ in the euro countries. The financial manager has suggested that if the cash flows were stated

in dollars, a return in excess of $12\%$ would be acceptable.

a$.$ What is the dollar NPV of the German project?

b$.$ What is the dollar NPV of the Swiss project?

c$.$ Should the company go ahead with the German project, the Swiss project, or neither?

Note: For requirements a & b$,$ do not round intermediate calculations. Enter your answers in millions rounded to $2$ decimal places.