You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF $15$ million. The cash flows from the project would be SF $4\mathrm{.}3$ million per year for the next five years. The dollar required return is $14$ percent per year, and the current exchange rate is SF $1\mathrm{.}08.$ The going rate on Eurodollars is $6$ percent per year. It is $4$ percent per year on Swiss francs.

a$.$

Convert the projected franc flows into dollar flows and calculate the NPV$.($Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$-1.$ What is the required return on franc flows? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$ What is the NPV of the project in Swiss francs? $($Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

b$-3.$ What is the NPV in dollars if you convert the franc NPV to dollars?