Tovar Co$.$ is a U$.$S$.$ firm that has been asked to provide consulting services to help Grecia Co$.($in Greece$)$ improve its performance. Tovar would need to spend $$350,000$ today on

Activity Frame ted to this project. In one year, Tovar will receive payment from Grecia, which will be tied to Grecia's performance during the year. There is uncertainty about Grecia's

performance and about Grecia's tendency for corruption.

Tovar expects that it will receive $550,000$ euros if Grecia achieves strong performance following the consulting job. However, there are two forms of country risk that are a concern to

Tovar Co$.$ First, there is a $60$ percent chance that Grecia will achieve strong performance. In other words, there is a $40$ percent chance that Grecia will perform poorly, in which case Tovar

will receive a payment of only $275,000$ euros.

Second, while there is a $90$ percent chance that Grecia will make its payment to Tovar, there is a $10$ percent chance that Grecia will become corrupt. In this case, Grecia will not submit

any payment to Tovar.

Assume that the outcome of Grecia's performance is independent of whether Grecia becomes corrupt. The prevailing spot rate of the euro is $$1\mathrm{.}20,$ but Tovar expects that the euro will

depreciate by $10$ percent in one year, regardless of Grecia's performance or whether it is corrupt.

Tovar's cost of capital is $28$ percent. Determine the expected value of the project's net present value. Do not round intermediate calculations. Round your answer to the nearest dollar. Use

a minus sign to enter a negative value, if any.

$

Determine the probability that the project's NPV will be negative. Round your answer to the nearest whole number.

$\%$