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An investment costing 170,000 Indian Rupee is being considered by Kurri Kurri Poultry Farms. The risk-free interest rate in the India is 5.25% p.a. and

An investment costing 170,000 Indian Rupee is being considered by Kurri Kurri Poultry Farms. The risk-free interest rate in the India is 5.25% p.a. and in Australia is 2.46%. Investments of a similar risk in Australia have a required rate of return of 11.0%. The current exchange rate is AUD/INR= 63.61. What would be the required rate of return to calculate the NPV in Indian Rupee for this investment? Record your answer in decimals and to four decimal places 0.0000, e.g., your answer should be 0.034 not 3.40%

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