NAME_1 corporation, a Canadian company, invests 40,000,000 Euros in Germany in 2016. The investment generates after-tax cash flows of Euros 35 Million, 33 million and 48 million in the first 3 years. Platinum raised the capital from Both Canada and Germany with a combined cost of capital of 15%. If the exchange rate EUR/CAD was $1.3525 in 2016 and $1.3645, $1.3780, $1.3945 a in the next 3 years, calculate the NPV. 


Between $35 million and $39 Million


Between $ 31 Million and $34 Million


Between $40 million and $44 Million


Between $ 29 million and $ 34 Million