A large US-based company has a foreign-based subsidiary in the Netherlands that only operates within the euro currency zone. It has the following schematic balance sheet denominated in Euros () Assets Euros (million) 40 Plant and machinery Current assets Euros (million) Liabilities 25 Equity (from parent) 125 Local currency debt Current liabilities 150 10 100 150 At the end of the previous financial year, the exchange rate between the US dollar and the euro was US$1.15/C. At the end of the current financial year, the exchange rate has now become US$1.05/6. The financial statements have not changed between the two periods. Discuss the outcome 106 Suppose that the US company decides to liquidate its subsidiary in Netherland, at the end of the year. Do you think that the subsidiary' value would change by then