Victory MNC company plans to pursue a project in Italy that will generate revenue of 15 million Euro at the end of the n

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Victory MNC company plans to pursue a project in Italy that will
generate revenue of 15 million Euro at the end of the next 3 years.
It will have to pay operating expenses of 9 million Euro per year.
In addition, depreciation is expected to be 2 million Euro per
year. The project can be sold for 120 million Euro at the end of
its life (net of any capital gain taxes). The Italian government
charges 30 percent tax rate on profits. The parent company will
finance the project which costs Euro 35 million if it decides to
undertake it. The company uses a discount rate of 12% for projects
with similar risk. The spot rate of the Euro is currently $1.22 and
is expected to depreciate by 5 percent each year for the next three
years.
Fill in the following blanks for the required variables to find
the NPV. Insert your answers in MILLION. For example, for 1.5
million, insert 1.5. Round your answers to 2 decimal places.
NPV =
Should you accept the project? (YES/NO)