A late penalty of 20% will apply to new answers. Intro Netto is an American company with operations in Europe. The balance sheet of their European subsidiary is given below (in million): Assets Liabilities & Equity Liabilities Equity 50 Total assets 90 40 The initial exchange rate is 0.93 per $. Part 1 | Attempt 1/10 for 9 pts. What is the dollar value of equity if the current exchange rate is 0.93 per $ (in $ million)? 43.01 Correct Initial value of equity in dollars: Eos = E * So = 40 * 1/(0.93/$) = $43.01 (million) = Part 2 | Attempt 1/10 for 8 pts. A year later, the balance sheet of the European subsidiary is still the same, but the exchange rate has changed to 1.116 per $. What is the new dollar value of equity (in $ million)? ||1+ decimals Submit