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An MNC is considering establishing a two-year project in West Germany with a $30 million initial investment. The required rate of return on this project is 18%. The project is expected to generate cash flows of Euro 12 million in year 1 and Euro30 million in year 2. excluding the Salvage Value. Assume no taxes, exchange rate of $.98/Euro. All cash flows are remitted to the parent. What is the NPV of the project (in $)