| You are reviewing the purchase of a machine in your subsidiary in Europe that costs 6 million Euros. It will have a 3-year life and a salvage value of 3 million Euros. The cash flows from the machine are as follows: Year 1: +1,250,000 Euros, Year 2: + 1,500,000 Euros, and Year 3: + 2,000,000 Euros. The current exchange rate is $1.3 Cdn per 1 Euro and the company's discount rate is 12%. If the interest rate is 2.5% in Canada and 2.0% in Europe, what is the NPV of this investment? -$147,878 +$227,276 -$253,676 +$175,567 O-$77,246