Consider the following international investment opportunity Yearo Year1 Year2 Year3 -50,000euro 15,000euro 15,000euro 20,000euro The current exchange rate is $1.60 = 1.00. The inflation rate in the U.S. 1s 3 percent and in the room 2 percent. The capital to a U.S.-based firm for a domestic project of this risk is 8 percent What is the euro-denominated IRR of this project