The spot exchange rate, S, is 1.8862 US dollars (\$) per UK pound (E). The risk-free interest rate on dollars is 5.4% and the risk-free interest rate on pounds is 4.6%. Assume that markets are internationally integrated. You have determined that the dollar WACC for these cash flows is 10.2%. a.) Estimate the pound-denominated cost of capital for the project using the dollar WACC and the two interest rates. Show work. (7) b.) Compute the pound present value of the project. Show work. (8) c.) What is the dollar present value of the project? Show work