1. Perth InternationalCo., an Australian multinational company, forecasts 60 million Australian dollars (A$) earnings next year (i.e., year-one).It expects 53 million Chinese yuan (CNY), 41 million Indian rupees (INR) and 33 million Malaysian ringgit (MYR) proceeds of its three subsidiaries in year-one. It also forecasts the year-one exchange rates A$0.2849/CNY, A$0.0313/INR and A$0.5449/MYR.

The subsidiaries of Perth International remit their earnings and investment proceeds to the Australian parent at the end of each year. The annual weighted average cost of capital or required rate of return of Perth International is 6.09 per cent. Calculate the current value of Perth International Co. using its expected cash flows in year-one, year-two and year-three. (enter the whole number with no sign or symbol).