You are given the following data: Project life: 10 years Revenues: constant at MYR 10M Costs: 20% of revenues NWC: 10% of the revenues in the following year Upfront investment at time 0: MYR 25M, depreciated straight-line to zero, salvage MYR 10M taxes in Malaysia: 15% WACC in USD 10% Spot rate MYR 4.13/USD inflation in USA 1.5% inflation in Malaysia 2.5%