An investment in China yields these expected after-tax renminbi cash flows (in billions). year CF 0 -511 1 141 2 291 3 243 You know the following financial variables Required Return US 15.00% Required Return China 11.745% Expected Inflation US 6.0% Expected Inflation China 3.0% Spot Rate $ 0.15 Assume the international parity conditions hold. Calculate NPV by converting renminbi to dollars at expected future spot rates and discounting in dollars. (X.XXX)