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Yo Question 9 (CHAPTER 21) You want to invest in a project in LaLaLand. The project has an initial cost of LLL 749,000 and is

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Yo Question 9 (CHAPTER 21) You want to invest in a project in LaLaLand. The project has an initial cost of LLL 749,000 and is expected to produce cash inflows of LLL397,000 a year for 4 years. The project will be worthless after that. The expected inflation rate in LaLaLand is 4% while it is only 3% in the U.S. The applicable interest rate for a project like this in LaLaLand is 11%. The current spot exchange rate is LLL1 = $2.3456. What is the Net Present Value of this project in LaLaLand's currency (i.e., in "LLL")? (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "currency units" in your answer.)

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