Havel Robotics Company (a U.S-based firm) is considering establishing a subsidiary in China to assemble industrial robots on January 1, Year 1. If Havel makes the investment, it will operate the plant for one year and then sell the building and equipment to Chinese investors. The initial investment would be $1,000. Havel will repatriate 100% of the estimated net operating cash flows as dividends which is 3,000. The terminal value is 6,000. The China withholding tax is 10% on