Hi....need help calculating with formuas. THanks.

File Home Insert Page Layout Formulas Data Review View Tell me what you want to do Problem 31-3 Etemadi Amalgamated a U.S. manufacturing firm, is considering a new project in the euro area. You are in Etemadi's corporate finance department and are responsible for deciding whether to undertake the project. The expected firee cash flows, in euros, are shown here: Free Cash Flow Year (EUR million) 15 10 10 12 12 You know that the spot exchange rate is S-USD1.15/EUR. In addition, the risk-free interest rate on dollars is 4% and the risk-free interest rate on euros is 696. Assume that these markets are intenationally integrated and the umcertainty in the free cash flows is not correlated with mcertainty in the exchange rate. You determine that the dollar WACC for these cash flows is 8.5%, what is the dollar present value ofthe project? Should Etemadi Amalgamated undertake the 14 16 17 18 Spot rate (USD/EUR) Risk-free rate on USD Risk free rate on EUR 1.15 4.00% 6.00% 8.50% 31-3 Ready - + 80%