Jing Associates Inc. is a U.S. firm evaluating a project in Australia. You have the following information about the project:

The project requires an investment of AU$1,230,000 today and is expected to generate cash flows of AU$1,300,000 at the end of each of the next two years.

The current exchange rate of the U.S. dollar against the Australian dollar is $0.7823 per Australian dollar (AU$).

The one-year forward exchange rate is $0.8102 / AU$, and the two-year forward exchange rate is $0.8412 / AU$.

The firm's weighted average cost of capital (WACC) is 9%, and the project is of average risk.

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

A. $1,063,166

B. $785,818

C. $924,492

D. $1,155,615