Carpet Baggers, Incorporated, is proposing to construct a new bagging plant in a country in Europe. The two prime candidates are Germany and Switzerland. The forecasted cash flows from the proposed plants are as follows:

Candidates	C0	C1	C2	C3	C4	C5	C6	IRR(%)
Germany (millions of euros)	78	+28	+33	+33	+38	+38	+38	35.3
Switzerland (millions of Swiss francs)	121	+37	+47	+47	+31	+31	+49	24.4

The spot exchange rate for euros is EUR/USD = 1.48, while the rate for Swiss francs is USD/CHF = 1.68. The interest rate is 7% in the United States, 6% in Switzerland, and 8% in the euro countries. The financial manager has suggested that, if the cash flows were stated in dollars, a return in excess of 9% would be acceptable.

Calculate the NPV in dollars for the German plant.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.

Calculate the NPV in dollars for the Swiss plant.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.

Should the company go ahead with either project?

If it must choose between them, which should it take?