Doohicky Devices. Doohickey Devices, Inc, manufactures design ccmponents for personal computers. Until the present, manufacturing has been subcontracted to ather companies, but for reasons of quality control Doohicky has decided to manufacture the components itself in Asia. Analysis has narrowed the choica to tvo poss bilities, Penang, Malaysia, and Manila, the Philippines. At the moment only the summary of expected, after-tax, cash flows displayed in the popup table, EEB is available. Although most opcrating outflows would be in Malaysian ringgit or Philippine pesos, some additional U.S. dollar cash outflows would be necessary, as shown in the above pcpup table The Malaysia nnggit currently ades at RM3.6526 S and the Philippine peso trades at Ps 49 18 . Doohicky expects the Malaysian nngg to appreciate 2.0% per year against the dollar and the Philippine peso to depreciate 5.1% per year against the dollar. If the weighted average cost of capital for Doohicky Devices is 15.0%, which project looks more promising? Doohicky in Penang (After-tax) 2012 2013 2014 Net cash flows (ringgit) RM (28,000) RM 8,200 RM 6,600 Expected exchange rate (ringgitS) 3.6526 3.5810 3.5108 lspot (1 * 0.02)] Cash flows () Cash outflows (S) Net total cash flows (S S 7,65.77) 2,28. 1,879.91 130.00) $ 2,149.86 1,749.91 (140.00 665.7 Caloulate the net dollar cash flows from the operations in Penang, Malysia for years 2015 through 2017b (Round the exchange rate to four decimal places and the dollar amount to the nearest cent) 2015 Doohicky in Penang (Afte Net cash flows (ringgit) 2016 2017 RM 7,300 RM 9,200 RM 11,000 Data Table Expected exchange rate (ringgit ) spot (1 0.02)] Cash flows (S) Cash outflows (5) Doohicky in Penang (after-tax Net ringgit cash flows Dcllar cash outfiows Doohicky in Manila (after-tax) Nct peso cash flows Dcllar cash outfiows 2012 2013 2014 2015 2016 2017 (28,000) 8,200 ,6007,300 9.200 ,000 (140.00) (170.00) -(140)(130 140) 170) Enter any number in the edit fields and then click Check Answer. 50,0 90,000 170,000 190,000 190,000 180,000 1901 (290) 1390