Question: You are analyzing a very low-risk project with an initial cost of 120000. The project is expected to return 40000 the first year, 50000 the

You are analyzing a very low-risk project with an initial cost of 120000. The project is expected to return 40000 the first year, 50000 the second year and 60000 the third year. The current spot rate is .54. The nominal return relevant to the project is 4 percent in the U.K. and 3 percent in the U.S. using the home currency approach, what is the net present value of this project in U.S dollars?

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