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You have an investment opportunity in Japan. It requires an investment of $0.92 million today and will produce a cash flow of 109 million in

You have an investment opportunity in Japan. It requires an investment of $0.92 million today and will produce a cash flow of 109 million in one year with no risk. Suppose the risk-free interest rate in the United States is 3.2%, the risk-free interest rate in Japan is 1.5%, and the current competitive exchange rate is 110 per dollar. What is the NPV of this investment (round to nearest dollar)? Is it a good opportunity?

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