tax rates in Apple Kingdom and Melon States are 40% and 25% respectively. pre-tax

finance

Question 24 Not yet answered Marked out of 300 HazelLover, an Australian hazelnut grower is looking to grow the delicious nut on a 88 acre property in Turkey. The project is expected to generate the following cash flows (in Turkish Lira): Year o Year 1 Year 2 Year 3 FIND -1300 670 670 550 question The average beta of similar projects in Australia is 0.9 and is 1.7 in Turkey against the MSCI index. The return on MSCI index is 6.5% HazelLover plans to fund this project by 100% of equity. The corporate tax rate is 30% in both Australia and Turkey. The risk-free rates are 2.7% in Australia and 3.1% in Turkey The current spot exchange rate is TRY 6.31/AUD. What is the NPV of this project in AUD from the project's perspective? (Please round your answer to 2 decimal places) Answer: Previous page Next page UNSW staff and students experiencing difficulties using Moodle? Contact External TELT Support for assistance Email: externalteitsupportunsw.edu.au 21 A tai P W