An Australian multinational company plans to initiate a project in Canada. The project will last 2 years and shut down afterwards. The initial investment for the project is C$2,750,000. Expected cash flows from the project over the next two years are C$1,950,000 and C$1,850,000 respectively. The expected spot exchange rate at the time of initial investment is AS0.98/CS, while that over the next two years are A$1.00/C$ and A\$1.12/C\$ respectively. If the company uses a discount rate of 10 percent, what is the NPV of this project expressed in AS (rounded to nearest value)? Select one: a. A$790,124 b. A$1,916,713 c. A$269,806 d. A$1,100,000