=+P19–1 Tax credits Meridiani, a Milan-based furniture and interior design company, has just opened a subsidiary in Albania. The subsidiary earns €1,000,000 before local taxes, with all the after-tax income available to the parent company in the form of dividends. The applicable taxes consist of a 15% foreign income tax rate, a foreign dividend withholding tax rate of 15%, and the Italian tax rate of 24%. Calculate the net funds available to Meridiani for the following two situations.