Dennison, Texas cell-phone giant Cellular Two is evaluating a proposal to manufacture and sell digital phones in Great Britain. The project will require an initial investment of 200 million to acquire and recondition the manufacturing plant in Manchester where the phones will be produced. The project will generate expected future after-tax cash inflows of 60 million at the end of each year during a 3-year project life. At the end of three years the manufacturing facility will be sold to British Cellular, generating after-tax proceeds of 150 million. The spot exchange rate is $1.6000/1. The risk-free interest rate in the United States is 1.25 percent per year. The pound-denominated risk-free rate in Great Britain is 2.75 percent per year. Assuming that Cellular Twos overseas after-foreign-tax profits can be repatriated to the US without further tax liability and that Cellular Two has a 14 percent required return, determine the net present value for the project.