You Are a U

You are a U.S.dollar based corporation with a project in Great Britain that will cost you £1,000,000.The project will provide free cash flow of £500,000 for the next 3 years.If the pound denominated discount rate for this project is 12% and the spot rate is .5600£/$,then what is the dollar denominated NPV for the project? Round to the nearest $10.

A) $358,780
B) $200,920
C) $112,510
D) none of the above