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McDougan Associates, a U.S.-based investment partnership, borrows euro 80,000,000 at a time when the exchange rate is $1.3369/euro. The entire principal is to be repaid

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McDougan Associates, a U.S.-based investment partnership, borrows euro 80,000,000 at a time when the exchange rate is $1.3369/euro. The entire principal is to be repaid in three years, and interest is 6.750% per annum, paid annually in euros. The euro is expected to depreciate vis-a-vis the dollar at 35% per annum. What is the effective cost of this loan for McDougan? Complete the following table to calculate the dollar cost of the 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)

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