Save Answer QUESTION 3 20 points Kangaroo Adventure is an Australian company that is considering a project in France. The project has an initial cost of 30,000,000 has the expected cash flows of 16,000,000 in year 1, 12,000,000 in year 2, 10,000,000 in year 3, and 9,000,000 in year 4 The current spot rate is 1.5144 AUS/ .The Euro ()is expected to depreciate relative to the Australian dollar (AUS) by 3% next year, appreciate 4% the following year, depreciate by 5% in year 3, and appreciate by 2% in year 4. The parity conditions do not hold. The appropriate discount rate for projects of similar risk in France is 20% and in Australia the appropriate discount rate for projects of similar risk is 22%. What is the NPV from the parent perspective and the project perspective for the project? Should Kangaroo Adventure accept or reject the project? Why? Show all necessary calculations to support your answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B 1 U S Paragraph Arial IX O 14px x X >T TT T