A US MNC has invested in a project in Brazil for three years. 10m Brazilian Real were to be remitted every year for this project for next 3 years. The funds cannot be remitted due to blocked funds and company will have to reinvest it at 8% locally. Withholding tax rate and discount rate are 10% each. The exchange rate will be a constant value of $0.18. Calculate the NPV of this project if parent company invested $5m initially.