A British subsidiary is remitting CFs to its parent company in the U.S. After withholding tax, the CFs amount to Year 1: GBP 100,000 Year 2: GBP 150,000 Year 3: GBP 200,000 The exchange rate for year 1 is projected to be $ 1.5 / GBP and you expect that it will depreciate annually by 10%. What is the sum of the present value of these cash flows in dollars, if the required rate of return is 12%? Provide your answer rounded to two decimals