1. Suppose in December 2016 the Mexican Peso is 21.4492 per US$ and in December 2017 Mexican Peso is 19.0025 per US$. Given this information:
The US $ has appreciated by 11.21% against the Mexican Peso between 2016 and 2017.
The US $ has depreciated by 11.31% against the Mexican Peso between 2016 and 2017.
The US $ has appreciated by 11.41% against the Mexican Peso between 2016 and 2017.
The US $ has depreciated by 11.41% against the Mexican Peso between 2016 and 2017.
The US $ has appreciated by 11.31% against the Mexican Peso between 2016 and 2017.
2. A project has annual cash flows of $3,000 for the next 10 years and then $11,000 each year for the following 10 years. The IRR of this 20-year project is 13.37%. If the firm's WACC is 12%, what is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.