hold. 13.5 Consider the investment in China from Problem 13.1. a. Suppose thata manager expects the following future exchange rates: EIS, ILS/CNY ILS 0.5801/CNY EIS,ILS/CNY ILS 0.6089/CNY E[S3ILS/CNY ILS 0.6392/CNY Using a yuan discount rate of 11.745 percent and the shekel discount rate of 15 percent, calculate NPV from the parent and project perspectives Should the manager invest in the project? Should the manager hedge the project's currency risk exposure? b. Repeat part (a) using the following expected spot rates of exchange: EIS,ILS/CNY] ILS 0.5575/CNY E[S2LS/CNY= ILS 0.5625/CNY E[S31L5/CNY= ILS 0.5676/CNY Should the invest? Should the manager hedge the project manager exposure? risk currency 13.6 Consider tha hold. 13.5 Consider the investment in China from Problem 13.1. a. Suppose thata manager expects the following future exchange rates: EIS, ILS/CNY ILS 0.5801/CNY EIS,ILS/CNY ILS 0.6089/CNY E[S3ILS/CNY ILS 0.6392/CNY Using a yuan discount rate of 11.745 percent and the shekel discount rate of 15 percent, calculate NPV from the parent and project perspectives Should the manager invest in the project? Should the manager hedge the project's currency risk exposure? b. Repeat part (a) using the following expected spot rates of exchange: EIS,ILS/CNY] ILS 0.5575/CNY E[S2LS/CNY= ILS 0.5625/CNY E[S31L5/CNY= ILS 0.5676/CNY Should the invest? Should the manager hedge the project manager exposure? risk currency 13.6 Consider tha