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You are considering a project in South Africa which has an Initial cost of R385,000. The project is expected to return a one-time payment of

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You are considering a project in South Africa which has an Initial cost of R385,000. The project is expected to return a one-time payment of R428, 900 four years from now. The risk-free rate of return Is 3.5 percent in the U.S. and 2.4 percent in South Africa. The Inflation rate is 4 percent In the U.S. and 3 percent in South Africa. Currently, you can buy R10.48 for $1. How much will the payment of R428, 900 be worth In U.S. dollars four years from now? $44, 357 $47, 251 $46, 926 $40, 560 $42, 777

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