A British subsidiary is remitting CFs to its parent company in the US. 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 $ 1.37 / 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 7%? Provide your answer rounded to two decimals