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The Perth International Co . anticipates 4 1 million Australian dollars ( A$ ) earnings in Australia next year ( i . e . ,

The Perth International Co. anticipates 41 million Australian dollars (A$) earnings in Australia next year (i.e., year-one). It expects 60 million Hong Kong dollar (H$),63 million Singapore dollar (S$) and 78 million New Zealand dollar (N$) incomes of its subsidiaries in Hong Kong, Singapore and New Zealand, respectively, in year-one. It also forecasts H$44 million, S$57 million and N$66 million proceeds of its subsidiaries after two years. The Perth International expects the current exchange rates A$0.2650/H$, A$0.8899/S$ and A$0.7213/N$ will be remaining the same in the next two years. If the subsidiaries remit their revenues to the Australian parent at the end of each year, estimate the value of Perth international based on its 6.05 per cent weighted average cost of capital or required rate of return.
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