Question
Dr. Catherine Mann, chief economist at Citibank has forecast that the Yuan will rise to 6.8 Yuan/$ by the end of 2017 and to 6.6
Dr. Catherine Mann, chief economist at Citibank has forecast that the Yuan will rise to 6.8 Yuan/$ by the end of 2017 and to 6.6 Yuan/$ by the end of 2018. If the after-tax cashflows generated by the two-year, U.S. based project are $10 billion at the end of 2017 and $15 billion at the end of 2018, and the Chinese cost of capital is 10%, what is the NPV of this project in Yuan?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
