Consider the following international investment opportunity. It involves a gold mine that can be opened at a cost, then produces a positive cash flow, but then requires environmental clean-up:

Cash Flow:

Year 0: -25,000 Euro

Year 1: 60,000 Euro

Year 2: -36,000 Euro

The current exchange rate is $1.80 = 1.00. The inflation rate in the U.S. is 6 percent and in the euro zone 2 percent. The appropriate cost of capital to a U.S.-based firm for a domestic project of this risk is 8 percent. Find the dollar-denominated NPV of this project.