Your company is contemplating on investing in a manufacturing facility in China. You are charged with doing the financial analysis for this project. You expect the cash flows (in Chinese RMB) for this project to last indefinitely. You estimated the following cash flows for 2023-2027 and that the cash flows will grow at a constant rate starting 2028. (12 points) Year FCF Other Data 2023 -70,000,000 RMB Growth rate of RMB FCF starting 2028 = 2% 2024 6,000,000 RMB Cost of Capital for similar U.S. Projects (WACC) = 10% 2025 7,000,000 RMB Inflation in the U.S. = 3% 2026 2027 10,000,000 RMB 12,000,000 RMB Inflation in China = 8% Spot rate = 7.3 RMB/USD a) What is the appropriate discount rate you should use to discount