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You want to invest in a project in Wonderland. The project has an initial cost of W713,000 and is expected to produce cash inflows of

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You want to invest in a project in Wonderland. The project has an initial cost of W713,000 and is expected to produce cash inflows of W375,000 a year for 4 years. The project will be worthless after that. The expected inflation rate in Wonderland is 2% while it is 4% in the U.S. The applicable interest rate for a project like this in Wonderland is 12%. The current spot exchange rate is W1 = $2.3456. What is the Net Present Value of this project in Wonderland's currency (i.e., in "W")? (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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