Queen's Gambit, a British firm, is considering a project in South Africa that will last three years. The current exchange rate is GBPZAR 20. Over the next three years, inflation in Britain is expected to be 2% per annum, while inflation in South Africa is expected to be 5% per annum. The WACC for Queen's Gambit (in GBP) is 9\%. The project in South Africa is of the same risk as Queen's Gambit's business, and the cash flows are expected to be: What is the NPV of the project in British pounds (GBP)