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Question 5 10 pts Assume it is September 2020. The following table provides a forecast of ITC's (a US company) cash receipt in US dollars.

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Question 5 10 pts Assume it is September 2020. The following table provides a forecast of ITC's (a US company) cash receipt in US dollars. Euros and Pesos for September 2021 and September 2022. Also provided are the exchange rate forecasts for Euros and Pesos during the same time periods. September 2011 Receipt 2,000,000 2,000,000 16,000,000 Exchange Rate NA US Dollars September 2012 Receipt 5,000,000 3,000,000 20,000,000 Exchange Rate NA Euros 1 Euro $2.00 1 Euro $1.50 1 Peso $0.25 Pesos 1 Peso = $0.20 Suppose you are interested in buying ITC, and your required rate of return on investments is 10% , estimate the value of ITC using the valuation model for an MNC (discussed in Chapter 1). O $149.228,650 $24,000,000 O $20,578,512 $19,834,711

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