Jing Associates Inc. is a U.S.-based firm evaluating a project in Mexico. You have the...

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Finance

Jing Associates Inc. is a U.S.-based firm evaluating a project in Mexico. You have the following information about the project: The project requires a 170,000 peso investment today and is expected to generate cash flows of 63,400 pesos at the end of the next three years. The current U.S. exchange rate with the Mexican peso is 10.946 pesos per U.S. dollar, and the exchange rate is expected to remain constant. The firms WACC is 10%, and the project is of average risk.

What is the dollar-denominated net present value (NPV) of this project?

-$1,126.77

-$1,239.45

-$901.42

-$1,183.11

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