Zahara Inc., will be investing in a two-year project in Mexico. The project is expected to generate $2,000,000 MXpesos in the first year and 3 $3,000,000 MXpesos in the second. Zahara Inc. would have to invest $1,500,000 in the project. Zahara Inc. has determined that the cost of capital for similar projects is 10%. What is the net present value of this project if the spot rate of the MXpeso for the two years is forecasted to be $.50?

a-$658,760 b-$-191.936 c-$462,828 d-None of the above