Redy Tody, an Indian- based pharmaceutical firm, is considering a project in Canada. The following table lists foreign currency (CAD) cash flows. The CAD is currently trading at CADINR equals 50. Assume that future spot rates are equal to the current spot rate. The WACC of the firm is 12 percent.

Year Cash Flows (CAD)

0 -200,000

1- 4 50,000

5 100,000

Calculate the NPV of the project in INR.