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An American company investment project s expected cash flows are 5 , 2 3 6 , 0 0 0 in year 1 , 2 ,

An American company investment projects expected cash flows are 5,236,000 in year 1,2,610,000 in year 2, and 1,309,000 in year three. The current spot exchange rate is 125= $1, and is expected to adjust during the following years following Purchasing Power Parity. The U.S. discount rate is 10% in the U.S. and 8.94% in Japan; inflation over the next three years is 3 percent per year in the U.S. and 2 percent per year in Japan. Calculate the dollar NPV of this project (round your calculations to one decimal).

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