No - 1 2

initial investment 9,000,000,000 cedi

13 Net CF of subs 20% 3,000,000,000 3,000,000,000

14 Remitted CFS 80% 2,400,000,000 2,400,000,000
15 Withholding tax 10% 240,000,000 240,000,000
16 Remitted CFs after WT 2,160,000,000 2,160,000,000
17 Salvage value

18 Exchange rate 0.000118 0.000100 0.000085

19 CFs to parent 2,160,000,000 2,160,000,000
20 PV of CFs to parent 20% 1,800,000,000 1,500,000,000
Initial investment 1,058,824
22 Cumulative CFs (1,058,824) 1,798,941,176 3,298,941,176

yes, W should accept this project because the NPV is positive/ NPV >0
 3

Triệu Lê Gia Hân -b21h0199

Nguyễn Thị Kim Quyên -b21h0114
Lê Thị Phương Vy-b21h0379
Đặng Thu Huyền-b21h0308

2,000,000,000 cedi
1,600,000,000 cedi
160,000,000 cedi
1,440,000,000 cedi
5,000,000,000 cedi

0.000072 1 cedi = … $
6,440,000,000 $
3,726,851,852 $

7,025,793,028 $ NPV
7,025,793,028 $ NPV
7,025,793,028 $ NPV
Initial investment
operating
13 Net CF of subs #REF! #REF!
14 Remitted CFS #REF! #REF!
15 Withholding tax 10% #REF! #REF!
16 Remitted CFs after WT #REF! #REF!
17 Salvage value

18 Exchange rate 0.50 0.52 0.54

19 CFs to parent 3,000,000,000 3,000,000,000
20 PV of CFs to parent 20% #REF! #REF!
21 Initial investment $ 9,000,000,000
22 Cumulative CFs (9,000,000,000) #REF! #REF!
 #REF! NZ$ add back non-cash expense
#REF! NZ$ no retained earning for the S
#REF! NZ$
#REF! NZ$
52,000,000 NZ$

0.56 1 NZ$ = … $
2,000,000,000 $
#REF! $

#REF! $ NPV