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Raytheon Corporation is considering an investment project in Canada which has an initial cost of CAD5,700,000. The project is expected to return a one-time payment

Raytheon Corporation is considering an investment project in Canada which has an initial cost of CAD5,700,000. The project is expected to return a one-time payment of CAD8,500,000 three years from now. The risk-free rate of return is 1.9 percent in the U.S. and 2.4 percent in Canada. The inflation rate is 1.8 percent in the U.S. and 2.3 percent in Canada. Currently, you can buy CD136.10 for $100. How much will the payment three years from now be worth in U.S. dollars? $5,764,302 $5,930,215 $6,508,747 $6,322,410 $6,152,656

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