Gamecock Company has a unique opportunity to invest in a 2 year project in Australia. The project is expected to generate, after all taxes, 1,000,000 Australian dollars (AUD) in the first year and 2,000,000 in the second. All cash generated is repatriated to the US parent in the year generated with no additional taxes due. There is no salvage value. Gamecock would have to invest $1,500,000 (USD) in the project. Gamecock has determined that the cost of capital for this project is 12%. What is the NPV of this project if the spot rate of the Australian dollar for the two years is forecasted to be AUD USD .55 in year 1 and AUD USD .60 in year 2?