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XYZ, which is an American company, is considering a project that has cash flows denominated in Canadian dollars. The following table shows estimated cash flows

XYZ, which is an American company, is considering a project that has cash flows denominated in Canadian dollars. The following table shows estimated cash flows and exchange rates over the next two years.

Year

CF(Canadian Dollars)

Exchange Rate

0

-40,000

2.5USD/CD

1

30,000

1.5USD/CD

2

80,000

1.2USD/CD

Find the NPV of the project in terms of USD. Assume the discount rate is 15%. Do not use the dollar sign when entering your response. Round your final answer to the nearest dollar.

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