Question: please show work Correct answer:-12,809.92 PPQ, which is an American company, is considering a project that has cash flows denominated in Australian dollars (AS). The
please show work
Correct answer:-12,809.92
PPQ, which is an American company, is considering a project that has cash flows denominated in Australian dollars (AS). The following table shows estimated cash flows and exchange rates over the next two years. Year Cash flow (Australian Dollars) -100,000 70,000 50,000 Exchange Rate $1.2/AS $1.1/AS S.9/AS Find the NPV of the project in terms of US dollars. Assume the discount rate is 10% each year. Do not use the dollar sign when entering your response. Round intermediate steps to four decimals and your final answer to the nearest dollar
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