V

Vikash Gupta • 33.56K Points
Instructor I

Q. A foreign project generates a negative cash flow in year 1 and positive cash flows in years 2 through 5. The NPV for this project will be higher if the foreign currency _________ in year 1 and _________ in years 2 though 5.

(A) depreciates; depreciates
(B) appreciates; appreciates
(C) depreciates; appreciates
(D) appreciates; depreciates
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