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Please Help A project in South Korea requires an initial investment of 3 billion South Korean won. The project is expected to generate net cash

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image text in transcribed A project in South Korea requires an initial investment of 3 billion South Korean won. The project is expected to generate net cash flows to the subsidiary of 4 billion and 4 billion won in the two years of operation, respectively. The project has no salvage value. The current value of the won is 1,080 won per U.S. dollar, and the value of the won is expected to remain constant over the next two years. a. What is the NPV of this project if the required rate of return is 16 percent? Do not round intermediate calculations. Round your answer to the nearest dollar. $ b. Repeat the question, except assume that the value of the won is expected to be 1,140 won per U.S. dollar after two years. Further assume that the funds are blocked and that the parent company will only be able to remit them back to the United States in two years. How does this affect the NPV of the project? Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as the positive numbers. New NPV: \$ A situation where the funds are blocked and the won is expected to depreciate the NPV by $

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