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You want to invest in a project in Wonderland. The project has an initial cost of W707,000. It is expected to produce cash inflows of

You want to invest in a project in Wonderland. The project has an initial cost of W707,000. It is expected to produce cash inflows of W383,000 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 13%. 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")?

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