The South Korean multinational manufacturing firm, Nam Sung Industries, is debating whether to invest in a 2-year project in the United States. The project's expected dollar cash flows consist of an initial investment of $1 million with cash inflows of $700,000 in Year 1 and $600,000 in Year 2. The risk-adjusted cost of capital for this project is 12%. The current exchange rate is 1,059 won per U.S. dollar. Risk-free interest rates in the United States and S. Korea are:

	Year 1	Year 2
United States	3%	6%
South Korea	2%	5%

For parts A & B I have included the CORRECT answers. I am asking for someone to solve and explain how to correctly find the answer for C ONLY.

A. If this project were instead undertaken by a similar U.S.-based company with the same risk-adjusted cost of capital, what would be the net present value generated by this project? Round your answer to the nearest cent. CORRECT ANSWER $ 103,316.33 What would be the rate of return generated by this project? Round your answer to two decimal places. CORRECT ANSWER 20 %

B. What is the expected forward exchange rate 1 year from now? Round your answer to two decimal places. CORRECT ANSWER won per U.S. $1048.72 What is the expected forward exchange rate 2 years from now? Round your answer to two decimal places. CORRECT ANSWER won per U.S. $1029.03

C. If Nam Sung undertakes the project, what is the net present value and rate of return of the project for Solitaire? Round your answers to two decimal places.

NPV ____ won

IRR _____ %