Question: DEF (British firm) is considering investing in a three year project that costs 150,000 pounds. DEF expects to receive 25,000 pounds and 50,000 dollars each year the project is in operation. The expected dollar/pound exchange rate is £.85/$ in year one, £.90/$ in year two, and £.65/$ in year three. Find the net present value of the project (in pounds) if the appropriate discount rate is 10%. Round intermediate steps to four decimals and your final answer to two decimals. Do not use currency symbols when entering your response