A Canadian Firm Is Planning to Make an Investment in Japan.The

A Canadian firm is planning to make an investment in Japan.The firm estimates that the project will generate a single cash flow of 10 million JPY after one year.If the one year forward exchange rate is 105 JPY/CAD,and the Canadian cost of capital is 7.5%,what is the PV of the project cash flow?

A) $112,994
B) $94,351
C) $102,381
D) $88,594
E) $95,238