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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 -50,000 2.5USD/CD 1 60,000 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% each year. Do not use the dollar sign when entering your response. Round intermediate steps to four decimals and your final answer to the nearest dollar.
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