Petrus Company has a unique opportunity to invest in a two-year project in Australia. The project is expected to generate 1,000,000 Australian dollars in the first year and 2,000,000 Australian dollars in the second. Petrus would have to invest $1,500,000 in the project. Petrus has determined that the cost of capital for similiar projects is 14%. Calculate the net present value of this project if the spot rate of the Australian dollar for the two years is forcasted to be $.55 and $.60 respectively