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Please answer question Company X's subsidiary in Mexico is projected to remit the following cash flows (after taxes) to its parent: MXP 27 million in

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Company X's subsidiary in Mexico is projected to remit the following cash flows (after taxes) to its parent: MXP 27 million in each of years 1-5 with no salvage value. The exchange rate of the peso is projected to be $ 0.05 / MXN each year. What is the project's NPV (in dollars), if the initial outlay was $ 3 million and the required rate of return is 10%?

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