Consider the following data for an MNC: CASH FLOWS (denominated in foreign currencies) Canadian Dollar British Pound t 1 2 3 4 5 . 1 2 3 4 5 Euro 100 125 150 100 175 EXCHANGE RATES (value of foreign currency in terms of dollars) t Euro Canadian Dollar British Pound V=i 1.2 1.3 1.35 1.25 1.2 300 175 200 100 250 "E (CF) M-1 (1+k)' 0.8 000 0.9 1.1 1 1.05 150 125 175 200 150 If investors require a return of 12 percent, find the present value of expected cash flows. Make sure to show all your work. Recall: 2 1.95 E (CF) = $E(CF) E(S) 1.75 1.8 1.85 Where . Vrepresents present value of expected cash flows EXCFs) represents expected cash flows to be received at the end of period 1. n represents the number of periods into the future in which cash flows are received, and krepresents the required rate of return by investors. . Where CF represents the amount of cash flow denominated in a particular foreign currency jat the end of period t Surrepresents the exchange rate at which the foreign currency (measured in dollars per unit of the foreign currency) can be converted to dollars at the end of period t