Grenouille Properties. Grenouille Praperties (U.S.) expects to receive cash dividends from a French joint venture over the coming three years. The first dividend, to be paid in one year, is expected to be 740,000. The dividend is then expected to grow 9.7% per year over he olowing wo years. The current exchange rate is $1.3191 /E Grenouilles weighted average o s of capital is 14 a. What is the present value of the expected dividend stream if the euro is expected to appreciate 4.10% per annum a ainst the dollar? b. What is the present value of the expected dividend stream if the euro were to depreciate 2.80% per annum against the dollar? a. Ass me hat he euro is expected to appreciate 4.10% per annum against the dollar exchange rates.) a culate he d s in U the next three years below ound to he nearest whole umber for the d idends and rund to fo apaces for the der do ars de Year 0 Year 1 Year 2 740,000 Dividend stream expected from investment (E) 1.3191 Dividends(S) Grenouille Properties. Grenouille Praperties (U.S.) expects to receive cash dividends from a French joint venture over the coming three years. The first dividend, to be paid in one year, is expected to be 740,000. The dividend is then expected to grow 9.7% per year over he olowing wo years. The current exchange rate is $1.3191 /E Grenouilles weighted average o s of capital is 14 a. What is the present value of the expected dividend stream if the euro is expected to appreciate 4.10% per annum a ainst the dollar? b. What is the present value of the expected dividend stream if the euro were to depreciate 2.80% per annum against the dollar? a. Ass me hat he euro is expected to appreciate 4.10% per annum against the dollar exchange rates.) a culate he d s in U the next three years below ound to he nearest whole umber for the d idends and rund to fo apaces for the der do ars de Year 0 Year 1 Year 2 740,000 Dividend stream expected from investment (E) 1.3191 Dividends(S)