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You have an investment opportunity in Japan. It requires an investment of $1.06 million today and will produce a cash flow of 119 million in

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You have an investment opportunity in Japan. It requires an investment of $1.06 million today and will produce a cash flow of 119 million in one year with no risk. Suppose the risk-free interest rate in the United States is 4.3%, the risk-free interest rate in Japan is 1.2%, and the current competitive exchange rate is 110 per dollar. What is the NPV of this investment? Is it a good opportunity? What is the NPV of this investment? The NPV of this investment is $ (Round to the nearest dollar.) Is this investment a good opportunity? (Select from the drop-down menu.)

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