8. You work for a U.S.-based firm that consists of two businesses. One of the businesses is local and is expected to generate cash flows of $10,000,000 at the end of each of the next three years (and no cash flows after that). The other is a foreign subsidiary based in Japan, whose business is selling technology in Japan. This business is expected to generate $20,000,000 in cash flows at the end of each of the next three years (and no cash flows after that). The main competitor of your Japanese subsidiary is Better Tech, a privately-held firm that is based in Japan. Your firm is deciding whether to acquire Better Tech. If your firm does acquire Better Tech, it will merge the operations of Better Tech with your Japanese subsidiary's business. It expects that these merged operations in Japan would generate a total of $35,000,000 in cash flows at the end of each of the next three years (and no cash flows after that). Better Tech is willing to be acquired for a price of 4 billion Japanese yen (JPY). The JPY spot rate is $0.0090. The required rate of return for this project is 20%. Determine the net present value of this acquisition to determine whether your firm should acquire Better Tech