Apex, Inc. is a U.S.-based firm investing in a two-year project in Mexico. The present exchange rate is 15 Mexican pesos per U.S dollar. It is estimated that Mexico's currency will be devalued in the international market at an average 2.1 % per year relative to the U.S. dollar over the next several years. The estimated before-tax net cash flow (in pesos) of the project is a follows: If the U.S. company's MARR is 20 % (before taxes) based on the U.S. dollar, what is the present worth (PW) of the project in terms of U.S. dollars? (Enter your answer as a number without the dollar $ sign.)