Zulu Inc., a U$.$S$.$ MNC in South Africa, has a $4-$year project whose cash flows in ZAR are: CFO$=-10$m; CO$1=5$m;CO$2=5$m;C$03=5$m;CO$4=7\mathrm{.}5$m$.$

The parent firm WACC is $10\%.$ U$.$S$.$ inflation rate is expected to be $2\%$ per year for the next $4$ years while that for S$.$ Africa is $4\%$ per year for the

next $4$ years. Current spot forex between ZAR$/$USA $=4\mathrm{.}00.$ Find the NPV of this project for the parent firm in USD.

$6\mathrm{.}7166m$

$1\mathrm{.}6792m$

$1\mathrm{.}7962$

$2\mathrm{.}4245m$