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(CHAPTER 21) You want to invest in a project in LalaLand. The project has an initial cost of LLL738,000 and is expected to produce cash

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(CHAPTER 21) You want to invest in a project in LalaLand. The project has an initial cost of LLL738,000 and is expected to produce cash inflows of LLL321,000 a year for 4 years. The project will be worthless after that. The expected inflation rate in LalaLand is 4.5% while it is only 2.5% in the U.S. The applicable interest rate for a project like this in LalaLand is 13%. The current spot exchange rate is LLL1 = $3.537. What is the Net Present Value of this project in dollars? (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.)

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