The US based company is investing in a $2$ year project in Europe. The initial investment is $10\mathrm{.}000.$ The expected cash inflow in the year one is $6\mathrm{.}000$ and in the year two is $8000$ The risk free rate in US is $3\%$ and Europe $2\%.$ If the spot rate is $$1\mathrm{.}25/$ and the required rate of retum of the project is $14\%,$ calculate the NPV of the project in dollars