Mashito Co. has the opportunity to invest in a two-year project in Canada. It is expected to generate 2,000,000 C$ in the first year and 3,000,000 C$ in the second. However, company Mashito Co. would have to invest $1,500,000 in the project. The company has determined that the cost of capital for similar projects is 10%. What is the net present value of this project if the spot rate of the C$ for the two years is forecasted to be $.50?