XYZ, which is an American company, is considering

Question: XYZ, which is an American company, is considering…

XYZ, which is an American company, is considering a project that has cash flows denominated in Canadian dollars. The following table shows estimated cash flows and exchange rates over the next two years. Year CF (Canadian Dollars) Exchange Rate 0 -50,000 2.5USD/CD 1 60,000 1.5USD/CD 2 80,000 1.2USD/CD Find the NPV of the project in terms of USD. Assume the discount rate is 15% each year. Do not use the dollar sign when entering your response. Round intermediate steps to four decimals and your final answer to the nearest dollar.