Assume that a company has a receivable for $20$ million yen due in $8$ months. Using the table below, calculate the breakeven investment percent $($stated in p$.$a$.$ terms$)$ that the company would need to earn in the money market to make the payoff equivalent to entering into a forward contract. Given the information, do you think the money market would be a good choice and what additional factors would you like to investigate to support your opinion?

Spot rate, YEN$/$USD

$118\mathrm{.}255$

$8-$month USD lending rate

$1\mathrm{.}5\%$

$8-$month forward YEN$/$USD

$112\mathrm{.}450$

$8-$month USD borrowing rate

$5\mathrm{.}1\%$

$90-$day forecast rate, USD$/$EUR

$1\mathrm{.}4200$

$8-$month YEN lending rate

$2\mathrm{.}2\%$

Cost of capital $($WACC$)$

$11\mathrm{.}6\%$

$8-$month YEN borrowing rate

$3\mathrm{.}4\%$