1. Perry Company has an opportunity to invest in a project in Australia for 3 years. The initial investment for the project is $500,000. According to the analyst, the cost of capital for similar project is 10 percent. Below is the project's cash flow. Year Cash Flow Forecasted Exchange 1 AUD 300,000 $ 0.45 2 AUD 700,000 $0.65 3 AUD 120,000 $0.70 Based on the information given, calculate the net present value of the project. Should Perry accept the project? Justify? (14 marks)