You dont have to show work. And please answer all the questions.

UVW Group is undertaking a 4-year project in Japan with an initial cost of USD 30 Million. It expects annual OCF of JPY 12 Billion but no Salvage Value in year 4. The Required Return is 12%. UVW will fund the project with a combination of US-sourced funds and a loan from a Japanese bank in the amount of JPY 1 Billion to be paid back in 4 equal annual installments of JPY 275 Million. UVW projects a steady exchange rate of JPY 100 /USD. What is the NPV of this project? 0 - USD 3.56 Million O USD 5.47 Million 0 USD 8.10 Million USD 12.55 Million In this case, the use of Japanese-sourced debt had all of the following benefits EXCEPT - Reduction of the total initial cost of the project Reduction of exchange rate risk Reduction of political risk Lower cost than the firm's 12% cost of funds What is the EAR of the JPY-denominated loan? O 0% 3.92% 08.0896 0 27.5%