Kansas Co$.$ wants to invest in a project in China. It would require an initial investment of $5$ million yuan. It is expected to generate cash flows of $7$ million yuan at the end of one year. The Activity Frame e yuan is $$0\mathrm{.}13,$ and Kansas thinks this exchange rate is the best forecast of the future. However, there are two forms of country risk.

First, there is a $40$ percent chance that the Chinese government will require that the yuan cash flows earned by Kansas at the end of one year be reinvested in China for one year before they can be remitted $($so that cash would not be remitted until two years from today$).$ In this case, Kansas would earn $5$ percent after taxes on a bank deposit in China during that second year. back to the United States.

The two forms of country risk are independent. The required rate of return on this project is $29$ percent. There is no salvage value. What is the expected value of the project's net present value? Do not round intermediate calculations. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any.

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