Pellegrini Southern Inc. is a U. S. firm evaluating a project in Australia. You have the following information about the project:

The project requires and investment of AU$915,000 today and is expected to generate cashflows of AU$1,300.000 at the end of each of the next two years.

The current exchange rate of the U. S. dollar against the Australian dollar is $0.7795 per Australian dollar (AU$).

The one-year forward exchange rate is 0.8088/AU$, and the two-year forward exchange rate is $0.8234/AU$.

The firm's weighted average cost of capital (WACC) is 9%, and the project is of average risk.

What is the dollar-donominated net present value (NPV) of this project?