You have an investment opportunity in Japan. It requires an investment of $ 0.96

$0.96 million today and will produce a cash flow ofyen 103

103 million in one year with no risk. Suppose therisk-free interest rate in the United States is 3.3 %

3.3%, therisk-free interest rate in Japan is 2.4 %

2.4%, and the current competitive exchange rate is yen 110

110 per dollar. What is the NPV of thisinvestment? Is it a goodopportunity?

What is the NPV of thisinvestment?