Denars. It is expected that at the end of one year, the investment USD. The 3. A US firm is considering a 1-year investment in Macedonia. The upfront cost is 50 could be sold for 55 million Denars. The current spot rate is 57 Denars per expected spot rate in 1 year is 76 Denars per USD. If the WACC is 7%, what is the NPV of the project in USD? million Macedonian a. $200,853 b. -$200,853 c. $5,0000,000 d. $357,843 e. -$357,843 fafter an investment, the Government of India got rid ofa one year remittance withholding that delayed the first year's remittance by one year, what would be the effect on the projects NPV? 4. a. NPV would be lower b. NPV would be higher c. NPV would not change d. NPV would be unchanged e. NPV would be less 5, A German firm has l billion in euro denominated debt at 5% and 400 million in S denominated debt at 6%. The German tax rate is 40%, the US tax rate is 30%, what is the after tax cost ofdebt if the S/ = 1.12? 5.3% a. b. 4.3% 3.3% c. d. 2.3% 1.3%