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Please answer this CoursHeroTranscribedText: 8-39. An automobile manufacturing company In Country X is considering the construction and operation of a large plant on the eastern

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CoursHeroTranscribedText: 8-39. An automobile manufacturing company In Country X is considering the construction and operation of a large plant on the eastern seaboard of the United States. Their MARR = 20% per year on a before-tax basis. (This is a market rate relative to their currency in Country X.) The study period used by the company for this type of investment is 10 years. Additional information is provided as follows: . The currency in Country X is the Z-Kron. PROBLEMS 447 . It is estimated that the U.S. dollar will become weaker relative to the Z-Kron during the next 10 years. Specifically, the dollar is estimated to be devalued at an average rate of 2.2% per year. . The present exchange rate is 92 Z-Krons per U.S. dollar. . The estimated before-tax net cash flow (in U.S. dollars) is as follows: EOY Net Cash Flow (U.S. Dollars) -$168.000.000 -32,000.000 5 ... N- O 69.000.000 69.000,000 Based on a before-tax analysis, will this project meet the company's economic decision criterion? (8.6)

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