Apple Inc. is building a branch in Vietnam. The cost is 6 million VND. The company expects the VND cash flows for the next four years are 3 million VND, 5 million VND, 3 million VND, and 4 million VND, respectively. The cost of capital is 17 percent. Currently it takes 22,527.50 VND to buy one U.S. dollar, and the VND is expected to depreciate by 5 percent per year. Determine the NPV for this project.
- 134.83
- 136.60
- 138.91
- 140.08
- 142.97