Multinational, Instructor's Manual

The Year 1 cash flow in dollars is ¥500 (0.009268$/¥) = $12.29 million. The complete time line and NPV are shown below. Year 0 1 2 Cash flows in yen -¥1,000 ¥500 ¥800 Expected exchange rates 0.009091 0.009268 0.009557 Cash flows in dollars -$9.09 $4.63 $7.65 Project cost of … ................
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