Au. s. based company is considering an international project in country s. in s country’s currency (s-dollar), this project requires 360 million s-dollars investment and can bring in after tax revenue of 170 million s-dollar in year 1. the after-tax revenue stays constant at 300 million s-dollar from year 2 to year 7 year (the analysis period is 7 years). the present exchange rate is 20: 1 (20 units of s country’s currency for usd $1) and the devaluation of the s-dollar, relative to the u. s. dollar, is estimated to average 12% per year. if this company has a 18% after tax marr in u. s. dollars, what is the pw (in millions) of this project in u. s. dollars? keep one digit after decimal for your answer (in millions).

answertrue;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.