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Cohen Systems is a U.S. company that makes and sells medical testing equipment in the U.S. and Europe. The company is projecting the following cash
Cohen Systems is a U.S. company that makes and sells medical testing equipment in the U.S. and Europe. The company is projecting the following cash flows and exchange rates for a project in Europe: The company expects a salvage value of $15 million at the end of year 3 . The appropriate dollar cost of capital is 12%. Part 1 Attempt 1/2 for 5 pts. What is the dollar NPV of the project (in \$ million)? Part 2 Attempt 1/2 for 5 pts. What is the break-even salvage value (in \$ million)
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