Problem 14-3 (algorithmic) Question Help Y O McDougan Associates (USA). McDougan Associates, a US-based investment partnership, borrows 80,000,000 at a time when the exchange rate is $13476/8. The entire principal is to be repaid in three years and interest is 6950% per annum, paid annually in euros. The euro is expected to depreciate vis-a-vis the dolar at 3.4% per annum What is the effective cost of this loan for McDougan? Complete the following table to calculate the dollar cost of the curo denominated debt for years through 3. Enter a positive number for a cash inflow and negative for a cash outfow. (Round the amount to the newest whole number and the exchange rate to four decimal places) Year o Year 2 Year Proceeds from borrowing ouros E 80,000,000 Interest payment due in curs Repayment of principal in year 3 (80,000,000) Total cash flow of euro denominated debt Yeart E Expected exchange rato, 1.3476 Dollar equivalent of euro-denominated cash fow 5