Rise has identified a potential acquisition in Poland. The expect to keep the company for three years. The spot rate of the Polish Zloty is PZ$1=$ $$0\mathrm{.}25$ and the exchange rate is expected to be $$0\mathrm{.}24,$ $$0\mathrm{.}23,$ and $$0\mathrm{.}22$ at the end of the next three years, respectively.

The company would like to value the target with the following information:

Rise estimates that revenues for next year will be PZ $310,000,000.$ Revenues are expected to rise by $4\%$ per year for the following two years.

Cost of goods sold are expected to be $55\%$ of revenue.

Administrative expenses are expected to be PZ $65,000,000$ per year for the next three years.

Depreciation expenses are expected to be PZ $50,000,000$ per year for the next three years.

Earnings will be taxed at $15\%$ in Poland.

The target will need additional investment in net working capital of PZ $5,000,000,$ PZ $6,000,000,$ and PZ $7,000,000$ in years $1,2,$ and $3,$ respectively. Those amounts will not be recaptured when the target is sold in three years.

Rise expects to sell the company for PZ $375,000,000$ after$-$tax in three years.

Cash flows generated by the target will be remitted to Rise.

Currently, the target has $2,500,000$ shares outstanding at a price of PZ $125.$

What is the present value of the target for Rise if their required rate of return is $18\%?$