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(CHAPTER 21) There is a project in SleepLand that an American-based company would like to invest in. The project would require SSS737,000 as initial investment.

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(CHAPTER 21) There is a project in SleepLand that an American-based company would like to invest in. The project would require SSS737,000 as initial investment. It is also estimated to generate cash inflows equal to SS5352,000 a year for the next 4 years. After that, the project will be worthless. The current spot exchange rate equals SS51.000 = $2.220. The risk-free rate in SleepLand is 2.5%, and it is 5.5% in the U.S.A. The applicable rate of return for projects in SleepLand similar to this one is 12%. Calculate the Net Present Value of this project in dollars. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, and 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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