You are analyzing a potential $3-$year investment in France. It will require an investment of

$2000$ and is forecasted to yield cash flows of $2000$ for the next $3$ years. The spot is $1\mathrm{.}2/$$$.$

The U$.$S inflation rate is $5\%,$ the euro inflation rate is $10\%.$ Your estimated WACC is $15\%.$The

dollar is expected to

appreciate, depreciate, stay the same, or impossible to say