Verify your answer to Problem 17 using the foreign-currency approach. From Problem 17 Investment: A$ 40,000,000 Cash
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From Problem 17
Investment: A$ 40,000,000
Cash Flows: Year 1 – A$ 5,000,000
Year 2 – A$ 9,000,000
Year 3 – A$ 16,000,000
Year 4 – A$ 20,000,000
Year 5 – A$ 8,000,000
Year 6 – A$ 3,000,000
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Foreign discount rate 1 US discount rate 1 Inflation FC 1 Inflation US 1 114 1015103 1 ...View the full answer
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