XYZ Co. has a unique opportunity to invest in a 2-year project in Australia.The project is expected to generateA$1,000 in the first year and A$2,000 in the second year.XYZ would have to invest C$1,500 to start the project.The company has also determined that the cost of capital for similar projects undertaken in Canada is 14%.If the spot rates (C$/A$) of the Australian dollar are 0.50, 0.55 and 0.60 for years 0 to 2, respectively, what is the net present value of this international project?

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A)C$2,905.82

B)-C$94.18

C)C$916.13

D)-C$1,017.54