Surfboards U.S.A. is expanding its operations to Australia. The current indirect exchange rate is 1.45. The discount rate in the U.S. for the project is 14% and the company has forecasted the following Australian dollars (in millions) for the expansion project:

Year 0	Year 1	Year 2	Year 3	Year 4
A-$30	A$5	A$9	A$16	A$20

What is the NPV of the project given the risk free rate of interest in each country as shown below?

	1 year	2 years	3 years	4 years
U.S. Risk Free Rate	0.137%	0.275%	0.397%	0.606%
Australia Risk Free Rate	2.93%	2.96%	3.06%	3.24%