Verify your answer to Problem 18 using the foreign-currency approach. From Problem 18 Cash Flows: Year 0,
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From Problem 18
Cash Flows: Year 0, initial investment costs Won 82,000,000 per coffee shop
Year 1, – Won 25,000,000
Year 2, Won 30,000,000
Year 3, Won 70,000,000
Year 4, Won 90,000,000
Year 5, Won 45,000,000
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Foreign discount rate 1 US discount rate 1 Inflation FC 1 Inflation US 1 115 1005103 ...View the full answer
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