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RW) 21 -7 CF Newport Cruises is looking at a new project in Peru. The project will cost 10 million sols. The cash flows are

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RW) 21 -7 CF Newport Cruises is looking at a new project in Peru. The project will cost 10 million sols. The cash flows are expected to be 3.00 million sols per year for 6 years. The current spot exchange rate is 3.5 sols per dollar The risk-free rate in the US is 3.53, and the risk-free rate in Peru 6.79. The dollar required return on the project is 14.87.96. What is the reuired rate of return in Peruvian sols Round up to two decimal places

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