The treasurer of a major u. s. firm has $22 million to invest for three months. the interest rate in the united states is .22 percent per month. the interest rate in great britain is .27 percent per month. the spot exchange rate is £.622, and the three-month forward rate is £.624. ignore transaction costs. what would be the value of the investment in three months if the money is invested in the u. s. or great britain?

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?