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You have an investment opportunity in Japan. It requires an investment of $ 1 . 0 8 million today and will produce a cash flow

You have an investment opportunity in Japan. It requires an investment of $1.08 million today and will produce a cash flow of 103 million in one year with no risk. Suppose the risk-free interest rate in the United States is 4.8%, the risk-free interest rate in Japan is 1.1%, and the current competitive exchange rate is 112 per dollar. What is the NPV of this investment? Is it a good opportunity?
The NPV of this investment is $ (Round to the nearest dollar.)
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