3 A UK company is planning to remit its cashflows from an FDI in the US in a year's time. The taxable profits in the US are predicted to be $20.54m, US corporation tax rate is 15% and the current spot exchange rate is 1:$1.35. A double taxation treaty exists between the UK and the US and any corporation tax is due in the year that profits are incurred. If inflation over the next year is predicted to be 3% in the US and 5% in the UK, what will be the expected UK tax bill in one year's time if UK corporation tax stands at 19%, to the nearest 000? O A. 753,000 O B. 609,000 O C. 854,000 O D. 621,000 O E. 1,088,000