1. You work for a U.S.-based firm that is considering constructing a manufacturing plant in India. The construction costs are expected to be 100 million Indian rupees (INR). Your firm intends to leave the plant open for three years. During the three years of operation, cash flows are expected to be 30 million rupees, 30 million rupees, and 25 million rupees, respectively. Operating cash flows will begin one year from today and are remitted back to the parent at the end of each year. At the end of the third year, your company expects to sell the plant for 70 million rupees. Your company estimates that an appropriate discount rate for this project is 25%. The current exchange rate is $0.013. a. Determine the NPV for this project assuming that your firm expects the INR to remain constant over the life of the project? b. Determine the NPV for this project assuming that your firm expects the INR to appreciate by 10% per year over the life of the project