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(Related to Checkpoint 19.3) (International capital budgeting) An American firm is considering a new project...

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(Related to Checkpoint 19.3) (International capital budgeting) An American firm is considering a new project in the country of Geeblstan. This new project will produce the following cash flows , measured in BLAS, the currency of Geeblaistan, which are expected to be repatriated to the parent company in the United States. In addition, assume the risk-free rate in the United States is 5 percent, and that this project is riskier than most and, as such, the firm has determined that it should require a premium of 9 percent over the the project's NPV? risk-free rate. Thus, the appropriate discount rate for this project is 14 percent. In addition, the current spot exchange rate is 0.8314BLAVS, and the 1-year forward exchange rate is 0.9097BLA/S. What is The project's NPV is S million. (Round to two decimals places.) Data Table Year Cash Flow (in millions of BLAs) -21 9 Print Done

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