XYZ Corp, a US firm, is holding a music festival in Mexico. The festival will cost MXN 78M to be set up today, half of which will be paid by their Mexican subsidiary, and half of which will be paid by the XYZ parent company. One year from today, the music festival will produce cash flows of MXN 183M, half of which will go to XYZ, and half of which will be kept by the local subsidiary. The spot rate today is MXN 19.2 per USD, and the 1 year forward rate is MXN 19.4 per USD. XYZs USD cost of capital for foreign projects is 15.3%, and the local subsidiarys peso cost of capital is 10.7%. You may ignore taxes for the purpose of this question.

What is the NPV of this project to the Mexican subsidiary? Please give your answer to the nearest peso.