You have an investment opportunity in Japan. It requires an investment of

$ 0.91$0.91

million today and will produce a cash flow of

yen 109109

million in one year with no risk. Suppose the risk-free interest rate in the United States is

4.3 %4.3%,

the risk-free interest rate in Japan is

2.7 %2.7%,

and the current competitive exchange rate is

yen 110110

per dollar. What is the NPV of this investment? Is it a good opportunity?