You want to invest in a project in Canada. The project has an Initial cost of C$828,000 and is expected to produce cash Inflows of C$355,000 a year for three years. The project will be worthless after the first three years. The expected Inflation rate in Canada is 4 percent while it is only 3 percent in the U.S. The applicable Interest rate for the project in Canada is 12 percent. The current spot rate is C$1 = $.9126. What is the net present value of this project in Canadian dollars? -C$7, 924 C$24, 650 C$167, 528 C$116, 139 -C$1, 889