The project requires an investment of AU$915,000 today and is expected to generate cash flows of AU$1,000,000 at the end of each of the next two years.
	The current exchange rate of the U.S. dollar against the Australian dollar is $0.7877 per Australian dollar (AU$).
	The one-year forward exchange rate is $0.8109 / AU$, and the two-year forward exchange rate is $0.8455 / AU$.
	The firms weighted average cost of capital (WACC) is 9.5%, and the project is of average risk.

What is the dollar-denominated net present value (NPV) of this project?

$869,950

$761,206

$652,462

$724,958

There are three major types of international credit markets. Read the following statement and then indicate which type of international credit market is being described.

Gayawage Corp., a British company, issued U.S. dollardenominated bonds in Chicago to fund its U.S. operations.

Eurocredit

Foreign bond

Eurobond