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Finance case questions I have sent 2 Question. I have answered most of the questions.
Finance case questionsI have sent 2 Question. I have answered most of the questions. Please look over my work and answer the final part of the question in the answer attachment. Try your answers on your own and THEN try to see what I could be doing wrong. Please provide a detailed response.Question 6 (Futures):Packers Inc. is a U.S. based manufacturer of cheese. The companyconsiders expanding its current operations by building a plant in theU.K. The CFO has presented the board with the following cash flowprojections:Required initial outlay in U.S. dollars to be paid immediately is$600,000. The projected cash flows in British pounds due in exactly sixmonths are GBP 500,000.The CFO informs the board that the U.S. risk-free rate is 5.5% (APR)while the U.K risk free rate is 7.2% (APR). The current spot exchangerate is 1.62 $/GBP (that is, 1.62 dollars buy 1 British pound). Thefutures price of the pound, for delivery in six months, is 1.61 $/GBP.The CFO assumes that the project is riskless and that given hercalculations the firm ought to invest in the new plant.Assume that interest is compounded semi-annually. Ignore the fact thatfutures are marked to market and assume that all cash flows connectedwith the futures contract occur at the maturity of the contract.Should the company undertake this project given the above assumptions?Answer: YesYour reasoning:Cost of project =
