A US company is considering a projec tin Mexico that would require an investment today of 10 million pesos. The project would last 2 years and itw ould generate after-tax cash flows of 7 million pesos per year. The company's weighted average cost of capital is 11.4% per year, the US 1-yr & 2-yr bond rates are 3.2%, 3.6%, the Mexican 1-yr & 2_yr bond rates are 5.6%, 6% per year, and the spot exchange rate is 9.8 Meixcan pesos per US dollar. What is the net present value of the project in US dollars?