Consider the following data for an MNC: 1 CASH FLOWS (denominated in foreign currencies) t Euro Canadian Dollar British Pound 100 300 150 2 125 175 125 3 150 200 175 4 100 100 200 5 175 250 150 1 EXCHANGE RATES (value of foreign currency in terms of dollars) t Euro Canadian Dollar British Pound 1.2 0.8 2 2 1.3 0.9 1.95 3 1.35 1.1 1.75 4 1.25 1 1.8 5 1.2 1.05 1.85 If investors require a return of 12 percent, find the present value of expected cash flows. Make sure to show all your work. Recall: V= S[E (CF5:)] (1+k) t=1 Where V represents present value of expected cash flows E(CFs..) represents expected cash flows to be received at the end of period t, n represents the number of periods into the future in which cash flows are received, and k represents the required rate of return by investors