please answer question b.

Grenouille Properties. Grenouille Properties (U.S.) expects to receive cash dividends from a French joint venture over the coming three years. The first dividend, to be paid one year from now on December 31 , is expected to be 760,000. The dividend is then expected to grow 9.8% per year over the following two years. The current exchange rate is $1.1892 =1.00. Grenouille's weighted average cost of capital is 11%. a. What is the present value of the expected euro dividend stream if the euro is expected to appreciate 3.90% per annum against the dollar? b. What is the present value of the expected dividend stream if the euro were to depreciate 3.10% per annum against the dollar? Dividends (\$) $ $1,0/1,21I$1,2L,75I The present value of the expected dividend stream if the euro is expected to appreciate 3.90% per annum against the dollar is S (Round to the nearest dollar.) b. What is the present value of the expected dividend stream if the euro were to depreciate 3.10% per annum against the dollar? Calculate the dividends in U.S. dollars for the next three years below: (Round to the nearest whole number for the dividends and round to four decimal places for the exchange rates.)