An American firm is considering an investment in Australia with expected cash flows of AUD 100 million in the first year, AUD 200 million in the second year, and AUD 300 million in the third year. The initial cost of the project is AUD 500 million. Suppose that the inflation rate in Australia is 3.5% and the inflation rate in the U.S. is 6%. Suppose the borrowing rate in $, i_$ = 11.6%. Let the spot rate S($/AUD) = $.8/AUD. Assume that all the parity conditions hold (International Fisher Parity and PPP). Further assume that the US firm evaluates the cash flow in each period in dollars. The NPV of the project in millions of USD is equal to: