Assume its January 20X0. The following table provides a forecast of Zenith Inc's (an US company) cash receipt in US dollars, Euros and Pesos dollars for January 20X1 and January 20X2. Also provided are the exchange rate forecasts for Euros and Pesos during the same time periods.

	January 20X1		January 20X2
	Receipt	Exchange Rate	Receipt	Exchange Rate
US Dollars	15,000,000	NA	18,000,000	NA
Euros	13,000,000	$1.30	15,000,000	$1.10
Pesos	20,000,000	$0.15	30,000,000	$0.20

If Zenith's required rate of return is 10%, estimate the value of Zenith's total cash receipt using the valuation model for an MNC.