Nestle Chocolate is a Swiss company. Nestle is considering undertaking 1-year project in the US. The project's expected dollar-denominated cash flows consist of an initial investment of $5,000 and a cash inflow the following year of $7,500. Nestle estimates that its risk-adjusted cost of capital is 12%. In the spot market, 1 US dollar will buy .95 Swiss franc. US one-year risk-free securities are yielding 2%, while one-year Swiss securities are yielding 1%. If Nestle undertakes the project, what is the net present value in Swiss Francs? (Make sure to adjust cash flows for currency effects using spot and forward rates). $1,549 $1,528 $1,565 $1,585 $1,652