You are analyzing a project with an initial cost of 50,000. The project is expected to return 10,000 the first year, 35,000 the second year and 40,000 the third and final year. The current spot rate is 0.5086. The nominal return relevant to the project is 11 percent in the U.S. The nominal risk-free rate in the U.S. is three percent while it is five percent in the U.K. Assume that uncovered interest rate parity exists. What is the net present value of this project in U.S. dollars?

please show how to calculate the NPV