A Canadian firm is evaluating an investment in Indonesia. The project costs 500 billion Indonesian rupiah and it is expected to produce an income of 250 billion Indonesian rupiah a year in real terms for each of the next 3 years. The expected inflation rate in Indonesia is 12% per year and the firm estimates that an appropriate discount rate for the project would be about 8% above the risk-free rate of interest. Calculate the net present value of the project in dollars. Assume a spot exchange rate of $.000112/Rupiah. The interest rate is about 15% in Indonesia and 5% in Canada.