What is the npv of a european project

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What is the NPV of a European project if Krona Corporation computes the NPV in euros as €100,000 and then converts that figure to dollars using the current spot rate of $1.22/€? The expected inflation rate in the U.S. is 2% per year and 3% per year in Europe. (Answer in dollars, rounded with no decimals.)

Reference no: EM133003946

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