Mosaic Furniture Company in the U.S. is considering investing Rs50,000,000 in India to create a wholly owned furniture manufacturing plant to export to the European market. After five years the subsidiary would be sold to Indian investors for Rs100,000,000. All cash flows generated from the project will be remitted to the parent at the end of each year. The estimated cash flows generated each year is 4,500,000 Indian rupee (INR).

The current exchange rate of the Indian rupee (INR) is 50.00. The exchange rate forecasts for the Indian rupee (INR) over the project's lifetime is listed below:

Year 0	Year 1	Year 2	Year 3	Year 4	Year 5
INR	54.00	58.00	62.00	66.00	70.00

What is the net present value (NPV) of the project?