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Biloxi co, A U.S. MNC with a subsidiary in Europe. The subsidiary reinvests of its net cash flows into operations and remits to the parent.
Biloxi co, A U.S. MNC with a subsidiary in Europe. The subsidiary reinvests of its net cash flows into operations and remits to the parent. Biloxi co estimates that its total cash flows of $10,000 from both domestic business and international business. For international business, it estimates to generate 8000 Euro at the end of the year and the expected value exchange rate at the end of the year is $1.15. What is the estimated dollar cash flows of Biloxi co for domestic business in one year. Step by step solution thanks!
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