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Americo Corp is considering construction a manufacturing plant in Turkey. The initial invest will cost 15 million Turkish Lira (L). The company plans to keep

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Americo Corp is considering construction a manufacturing plant in Turkey. The initial invest will cost 15 million Turkish Lira (L). The company plans to keep the plant open for 3 years during which cash flows from operations will be 5million, 5million and 4 million Liras respectively at end each of the three years. At end of the third year, Americo plans to sell the plant for 10 million liras. Americo has a required rate of return of 15% and the current exchange rate L/$ is 5.75. Assume that the lira is expected to appreciate by 5% per year over the investment period Compute the dollar present value of all future benefits for this project. O $1.853,239.77 O $724.914.36 $793,949.47 $3,372, 103.59

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