Chess Products is a German multinational manufacturing company. Currently. Chess's financial planners are considering whether to undertake a 1-year project in the United States. The project's expected dollar-denominated cash flows consist of an initial investment of $5M and a cash inflow the following of $3M in year 1; $2M in year 2; $2M in year 3. Chess estimates that its risk-adjusted cost of capital is 10%. Currently, 1 USD will buy 1.05 Euros In addition, I year risk-free securities in the United States are yielding 7.25%, while similar securities are yielding 4.5%. If this project w ere instead undertaken by a similar US-based company with the same risk-adjusted cost of capital, w hat would be the net present value and rate of return generated by this project? What is the expected forward exchange rate 1 year from now? If Chess undertakes the project, w hat is the NPV and rate of return of the project for Chess