Lakonishok Equipment has an investment opportunity in Europe. The project costs 15,150,000 and is expected...
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Lakonishok Equipment has an investment opportunity in Europe. The project costs and is expected to produce cash flows of in Year in Year and in Year The current spot exchange rate is $ and the current riskfree rate in the United States is percent, compared to that in euroland of percent. The appropriate discount rate for the project is estimated to be percent, the US cost of capital for the company. In addition, the subsidiary can be sold at the end of three years for an estimated
What is the NPV of the project in US dollars? Do not round intermediate calculations and enter your answer in dollars, not in millions of dollars, rounded to decimal places, eg
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