One of the important components of multinational capital budgeting is to analyze the cash flows generated from subsidiary companies. Consider this case: LeBron Development Inc. is a U.S. firm evaluating a project in Australia. You have the following information about the project: - The project requires an investment of AU $800,000 today and is expected to generate cash flows of AU $850,000 at the end of each of the next two years. - The current exchange rate of the U.S. dollar against the Australian dollar is $0.7811 per Australian dollar (AU\$). - The one-year forward exchange rate is $0.8096/AU$, and the two-year forward exchange rate is $0.8344 / AU\$. - The firm's weighted average cost of capital (WACC) is 9%, and the project is of average risk. What is the dollar-denominated net present value (NPV) of this project? $754,266$543,072$603,413$724,096