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(CHAPTER 21) There is a project in DreamLand that an American-based company would like to invest in. - The project would require DDD786,000 as initial

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(CHAPTER 21) There is a project in DreamLand that an American-based company would like to invest in. - The project would require DDD786,000 as initial investment. - It is also estimated to generate cash inflows equal to DDD312,000 a year for the next 5 years. - After that, the project will be worthless. - The current spot exchange rate equals DDD1 =$3.4567. - The risk-free rate in DreamLand is 3%, and it is 5% in the U.S.A. - The applicable rate of return for projects in DreamLand similar to this one is 14%. Calculate the Net Present Value of this project in DreamLand's currency (i.e., in "DDD"). Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "currency units" in your answer. HINT: You won't need to use all the numbers that are given

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