Part II Saved Help Save & Exit Su A Canadian firm is evaluating an investment in Indonesia. The project costs 590 billion Indonesian rupiah and it is expected to produce an income of 290 billion Indonesian rupiah a year in real terms for each of the next 3 years. The expected inflation rate in Indonesia is 11% per year and the firm estimates that an appropriate discount rate for the project would be about 6% above the risk-free rate of interest Calculate the net present value of the project in dollars. Assume a spot exchange rate of $.000112/Rupiah The interest rates about 15% in Indonesia and 8% in Canada (Round your answer to 2 decimal places. Enter your answer in millions of Canadian dollars.) py of the project million Part II Saved Help Save & Exit Su A Canadian firm is evaluating an investment in Indonesia. The project costs 590 billion Indonesian rupiah and it is expected to produce an income of 290 billion Indonesian rupiah a year in real terms for each of the next 3 years. The expected inflation rate in Indonesia is 11% per year and the firm estimates that an appropriate discount rate for the project would be about 6% above the risk-free rate of interest Calculate the net present value of the project in dollars. Assume a spot exchange rate of $.000112/Rupiah The interest rates about 15% in Indonesia and 8% in Canada (Round your answer to 2 decimal places. Enter your answer in millions of Canadian dollars.) py of the project million