BerkShire Hathway, American multinational conglomerate, is contemplating an expansion in Thailand. The company's top management believes that Thailand offers considerable potential for the company's products, and has recently experienced a surge in demand for the products. BerkShire has planned to purchase a production plant in addition to buying a distribution network in Thailand. This project would require an initial investment of $5$ million Thai Baht. The project is expected to generate net cash flows of $3$ million in the first year to the subsidiary. These cash flows are expected to increase at the country's general inflation level of $4\mathrm{.}5\%$ a year for the next $3$ years. At the end of the fourth year, BerkShire expects to sell the plant for $3$ million Thai Baht. The current value of the Thai Baht is $32\mathrm{.}20$ per US dollars, and the value of the Tahi Baht is expected to remain the same over the next three years.

Required;

What's the NPV of the project, if the required rate of return is $13\%?$ Keep in mind that net cash flows are remitted to the US parent company each year