McDougan Associates, a U.S.-based investment partnership, borrows 80.000.000 at a time when the exchange rate is $1.3343/. The entire principal is to be repaid in three years, and interest is 6.350% per annum, paid annually in euros. The euro is expected to depreciate vis--vis the dollar at 3.5% per annum. What is the effective cost of this loan for McDougan? Complete the following table to calculate the dollar cost of the euro-denominated debt for years 0 through 3. Enter a positive number for a cash inflow and negative for a cash outflow. (Round the amount to the nearest whole number and the exchange rate to four decimal places.) Proceeds from borrowing euros Year 0 90,000,000 Year 1 Year 2 Year 3 Interest payment due in euros (5,805,000) (5,805,000) Repayment of principal in year 3. Total cash flow of euro-denominated debt 90,000,000 (5,805.000) (5.805.000) (5.805,000) (90,000,000) 95,805,000 Expected exchange rate, S/ 1.3498 1.3053 1.2622 1.2205 Dollar equivalent of euro-denominated cash flow $ 121,482,000 $ (7,577.267)'s (7,327,071) $ (116,930,003) What is the effective cost of this loan for McDougan?