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begin{tabular}{lcccc} & U.S. Parent (US$) & Brazilian Subsidiary (reais, R$) & German Subsidiary (euro, ) & Chinese Subsidiary (yuan, ) hline Earnings before taxes
\begin{tabular}{lcccc} & U.S. Parent (US\$) & Brazilian Subsidiary (reais, R\$) & German Subsidiary (euro, ) & Chinese Subsidiary (yuan, ) \\ \hline Earnings before taxes (EBT) & $4,510 & R$6,190 & 4,500 & 2,470 \\ Corporate income tax rate & 21% & 25% & 40% & 30% \\ Average exchange rate for the period & & R$1.7693=$1.00 & 0.6467=$1.00 & 7.8335=$1.00 \\ \hline \end{tabular} NexusTech's Earnings and the Fall of the Dollar. NexusTech is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. NexusTech is traded on the NASDAQ. NexusTech currently has 656,000 shares outstanding. The basic operating characteristics of the various business units is as follows: . NexusTech must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are NexusTech's consolidated earnings and consolidated earnings per share in U.S. dollars? The dollar has experienced significant swings in value against most of the world's currencies in recent years. b. What would be the impact on NexusTech's consolidated EPS if all foreign currencies were to appreciate 21% against the U.S. dollar? c. What would be the impact on NexusTech's consolidated EPS if all foreign currencies were to depreciate 21% against the U.S. dollar
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