Question 20 13.5 pts (CHAPTER 21) You want to invest in a project in Wonderland....
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Question 20 13.5 pts (CHAPTER 21) You want to invest in a project in Wonderland. The project has an initial cost of W787,000. It is expected to produce cash inflows of W379,000 a year for 4 years. The project will be worthless after that. . The expected inflation rate in Wonderland is 2% while it is 4% in the U.S. The applicable interest rate for a project like this in Wonderland is 13%. . The current spot exchange rate is W1.0000 = $5.4321. What is the Net Present Value of this project in Wonderland's currency (i.e., in "W")? Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, and only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "currency units" in your answer. HINT: You won't need to use all the numbers that are given
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