Which one of the following is NOT correct?

The Home Currency Approach for International Capital Budgeting involves converting foreign cash flows into the domestic currency and finding the NPV.

Translation Exposure for U.S. based firms occurs as they must translate foreign operations into dollars when calculating net income and EPS.

Political Risk for multinationals may be due to blocking of funds and expropriation of property by foreign governments.

A strong dollar is preferable to US manufacturers as it makes their product more affordable to foreign consumers