You want to invest in a project in Wonderland.

• The project has an initial cost of W751,000.
• It is expected to produce cash inflows of W345,000 a year for 3 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 W1.0000 = $5.4321.

What is the Net Present Value of this project in Wonderland's currency (i.e., in "W")?