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•Study questions: 1.Compute the NPV of Ariel-Mexico in pesos. How should this NPV be translated into Euros? Assume expected future inflation for France is 3% pa. 2.Compute the NPV in Euros by translating the project’s future peso cash flows into Euros at expected future spot exchange rates. Note that Ariel’s Euro hurdle rate for a project of this type was 8%. Again, assume that annual inflation rates are expected to be 7% in Mexico and 3% in France. 3.Compare the two sets of calculations and the corresponding NPVs. How and why do they differ? Which approach should Arnaud Martin use? 4.Suppose Mexican inflation is projected at3% (assume French inflation remains at 3%). How does this affect the NPV calculations? 5.Suppose Ariel expects a…show more content…
CA4 sets the limit at 650 words (and a minimum of 250 words). And unlike earlier versions of the Common Application, the length limit will be enforced by the application form. No longer can applicants attach an essay that goes over the limit. Instead, applicants will need to enter the essay into a text box that counts words and prevents entering anything beyond 650 words.

You will find that some supplemental essays on the Common Application have different length guidelines, and many colleges that don't use the Common Application have a range of length requirements. No matter what the circumstances, make sure you follow the guidelines. If an essay should be 400 words, don't write 410. Learn more about some of the issues related to essay length in this article: College Application Essay Length Limits.

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