A company is considering an investment project in Canada which has an initial cost of CAD5,785,000. The project is expected to return a one-time payment of CAD7,430,000 two years from now. The risk-free rate of return is 1.6 percent in the U.S. and 1.9 percent in Canada. The inflation rate is 1.5 percent in the U.S. and 1.8 percent in Canada. Currently, you can buy CAD 124.80 for $100. How much will the payment two years from now be worth in U.S. dollars?

		$5,888,676
		$5,927,728
		$5,898,439
		$5,917,965
		$5,908,202