Misrilou Corp is considering a project in Malaysia that is projected to produce after-tax cash flows of MYR 33 million for 4 years.

Misrilou Corp is considering a project in Malaysia that is projected to produce after-tax cash flows of MYR 33 million for 4 years. In addition, Misrilou

believes it will be able to sell the project to a Malaysian competitor for MYR 11 million at the end of 4 years. The project will be funded with US-

supplied financing in the amount of USD 25 million at a weighted average cost of capital of 16.5%. What is the 4-year average MINIMUM value of the

Malaysian Ringgit in USD necessary to warrant acceptance of the project?