Question 5 (20 marks) Wynes Equipment has an investment opportunity in Japan. The project costs 62million and is expected to produce cash flows of 20 million for three years. The current spot rate is 126.56/$. The current risk-free rate in the United States is 3.5 percent, compared to that in Japan of 1.5 percent. The appropriate discount rate for the project is estimated to be 16 percent, the U.S. cost of capital for the company. In addition, the subsidiary can be sold at the end of three years for an estimated 30 million. a. What is the NPV of the project in Japanese yen? (15 marks) b. What is the NPV of the project in US dollars