It is the year 2021 and Pork Barrels, Inc., is considering construction of a new barrel plant in Spain. The forecasted cash flows in millions of euros are as follows: C1 C2 C3 C4 C5 -83 +13 +23 +26 +30 +28 The spot exchange rate is $1.23 = 1. The interest rate in the United States is 7%, and the euro interest rate is 5%. You can assume that pork barrel production is effectively risk-free. a-1. Calculate the NPV of the euro cash flows from the project a-2. What is the NPV in dollars? b. What are the dollar cash flows from the project if the company hedges against exchange rate changes? c. Suppose that the company expects the euro to depreciate by 5% a year, will this affect the value of the project? Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Required Calculate the NPV of the euro cash flows from the project. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Suppose the spot rate and the 90-day forward rate on the Brazilian real are 3.3144 and 3.3353, respectively. If the three-month interest rate on dollars is 32%, what do you think is the three month interest rate on the Brazilian real? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate %