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Chapman, Inc.'s Mexican subsidiary, V. Gomez Corporation, is expected to pay to Chapman 20 pesos in dividends in 1 year after all foreign and U.S. taxes have been subtracted. The exchange rate in 1 year is expected to be $0.07 per peso. After this, the peso is expected to depreciate against the dollar at a rate of 5% a year forever due to the different inflation rates in the United States and Mexico. The peso-denominated dividend is expected to grow at a rate of 6% a year indefinitely. Chapman owns 5 million shares of V. Gomez. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.

Excel Online Structured Activity: Foreign Investment Analysis Chapman, Inc.'s Mexican subsidiary, V. Gomez Corporation, is expected to pay to Chapman 20 pesos in dividends in 1 year after all foreign and U.5. taxes have been subtracted. The exchange rate in 1 year is expected to be so.07 per peso. After this, the peso is expected to depreciate against the dollar at a rate of 5% a year forever due to the different inflation rates in the United States and Mexico. The peso-denominated dividend is expected to grow at a rate of 5% a year indefinitely. Chapman owns 5 million shares of V. Gomez. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. pen spreadsheet What is the present value of the dividend stream, in dollars, assuming V. Gomez's cost of equity is 12%? Do not round intermediate calculations. Round your answer to the nearest dollar. $

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