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Apple Inc. is building a branch in Vietnam. The cost is 6 million VND. The company expects the VND cash flows for the next four

Apple Inc. is building a branch in Vietnam. The cost is 6 million VND. The company expects the VND cash flows for the next four years are 3 million VND, 5 million VND, 3 million VND, and 4 million VND, respectively. The cost of capital is 17 percent. Currently it takes 22,527.50 VND to buy one U.S. dollar, and the VND is expected to depreciate by 5 percent per year. Determine the NPV for this project.

134.83

136.60

138.91

140.08

142.97

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