(20 marks) 5. A project in South Korea requires an initial investment of SK won 2 million. The project is expected to generate net cash flow to the subsidiary of SK won 3 million and SK won 4 million in the 2 years of operation, respectively. The current value of the won is 1,100 won per US dollar, and the value is remaining constant over the next 2 year. Calculate the net present value of the project if the required rate of return is 13 percent. (12 marks)