The ________ schedule will usually be based on the ________ forecast

Assume that Baps Corporation is considering the establishment of a subsidiary in Norway. The initial investment required by the parent is $5,000,000. If the project is undertaken, Baps would terminate the project after four years. Baps' cost of capital is 13%, and the project is of the same risk as Baps' existing projects. All cash flows generated from the project will be remitted to the parent at the end of each year. Listed below are the estimated cash flows the Norwegian subsidiary will generate over the project's lifetime in Norwegian kroner (NOK):

a. ?$803,848. b. $5,803,848. c. $1,048,829. d. none of the above

The Certificate of Origin is the most important document required for establishing legal ownership and facilitating financial transactions.

a. true b. false