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Problem 1 (2 points) : A U.S. based company is considering an international project in country S. In S country's currency (S-dollar), this project requires

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Problem 1 (2 points) : A U.S. based company is considering an international project in country S. In S country's currency (S-dollar), this project requires 400 million S- dollars investment and can bring in after tax revenue of 150 million S- dollar in year 1. The after-tax revenue stays constant at 300 million S- dollar from year 2 to year 20 (the analysis period is 20 years). The present exchange rate is 25:1 (25 units of S country's currency for $1) and the devaluation of the S-dollar, relative to the U.S. dollar, is estimated to average 5% per year. If this company has a 11% after tax MARR in U.S. dollars, what is the PW (in millions) of this project in U.S. dollars? Please keep two digit after decimal for your answer (in millions). $ million LATEX ? You have used 0 of 5 attempts Submit

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