Question
Justin corporation is a Canadian company and its new subsidiary in Mexico is operational from 2022. The initial investment is $1.25 Million. It is expecting
Justin corporation is a Canadian company and its new subsidiary in Mexico is operational from 2022. The initial investment is $1.25 Million. It is expecting a remittance of 10 Million pesos every year for the next 4 years. MXN/CAD =$ 0.060 and is not expected to change. If the required rate of return is 12%, the NPV of the project will be:
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
