Question: Question 1 (1 point) An MNC is considering establishing a two-year project in New Zealand with a $30 million initial investment. The firm's cost of

Question 1 (1 point) An MNC is considering establishing a two-year project in New Zealand with a $30 million initial investment. The firm's cost of capital is .12. The required rate of return on this project is 0.15. The project is expected to generate cash flows of NZ$10,800,000 in Year 1 and NZ$31,700,000 in Year 2, excluding the salvage value Assume no taxes, and a stable exchange rate of $0.50 per NZ$ over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value in New Zealand dollars

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