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A company is considering an investment project in Canada. The project has an initial cost...

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A company is considering an investment project in Canada. The project has an initial cost of CAD 392,000 and is expected to produce cash inflows of CAD1B8.000 a year for three years. The project will be worthless after three years. The rise free rate in the United States is 2.2 percent and the risk-free rate in Canada is 2.5 percent. The current spot rate is CAD1 = $0.7980. The company's required return on dollar investments of this type is 12 percent. What is the net present value of this project in US dollars using the foreign currency approach $45,446 545,530 545515 545,609 D 445,764

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