You have an investment opportunity in Japan. It requires an investment of $0.98 million today and will produce a cash flow of ¥114 million in one year with no risk. Suppose the? risk-free interest rate in the United States is 4.8%?, the? risk-free interest rate in Japan is 2.1%?, and the current competitive exchange rate is ¥110 per dollar. What is the NPV of this? investment? Is it a good? opportunity?
What is the NPV of this? investment?
The NPV of this investment is ?$ -------. (Round to the nearest? dollar.)