Instructions Corporate Valuation Translation Effects Exchange Rates on Valuation Foreign Investment Analysis Sevall Inc's Mexican Subsidiary, Cancunrocks, is expected to pay Sevall i Peso per share in 1 year after all foreign and US taxes have been accounted for The exchange rate in 1 year is expected to be SO. 10 dollars per peso. After this, the peso is expected to depreciate against the dollar by 2% forever due to inflation differences between the US and Mexico The peso denominated dividend is expected to grow at 7% a year indefinitely Sevall owns IOM shares of Cancunrocks, Assuming that the cost of equity is 12%, what is the valuation of Cancunrocks in US dollars