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RWJ 21 -7 CF Newport Cruises is looking at a new project in Peru. The project will cost 10 million sols. The cash flows are
RWJ 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 4.46, and the risk-free rate in Peru 7.41. The dollar required return on the project is 14.13 %. What is the reuired rate of return in Peruvian sols? Round up to two decimal places
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