% Problem 14-3 (algorithmic) Question Help McDougan Associates (USA). McDougan Associates, a US-based investment partnership, borrows 80,000,000 at a time when the exchange rate is $1.3453/. The entire principal is to be repaid in three years, and interest is 6.650% per annum, paid annually in euros. The euro is expected to depreciate vis--vis the dollar at 32% per annum. What is the effective cost of this loan for McDougan? Complete the following table to calculate the dollar cost of the euro-denominated debt for years through 3. Enter a positive number for a cash inflow and negative for a cash outflow. (Round the amount to the nearest whole number and the exchange rate to four decimal places.) Year 1 Year 2 Year 3 Year 0 80,000,000 E Proceeds from borrowing euros Interest payment due in euros Repayment of principal in year 3 Total cash flow of euto denominated debt (80,000,000) E Expected exchange rate, SE 1.3453 Dollar equivalent of euro-denominated cash flow $