Air China buys 10 Airbus-350 planes for €150 million in 2011, financed by a five-year loan from the Banc de Paris Export-Import Bank. There is a one-year grace period on principal and interest payments. What is the net impact of this sale in the 2011 balance of payments of France? What is the impact on any other section(s) of the balance of payments? b) IBM a US based company has a large distribution centre in Ireland to service the country. Identify the parts of a capital budget analysis that are sensitive when a forecast of a stable economy in Ireland is revised to predict a recession. c) Of the following which cash flow provides pure profit to the parent company: licensing agreements, royalties, and overhead allocation fees?