Biloxi Co. is a U.S. firm that has a subsidiary in China. The subsidiary reinvests half of its net cash flows into operations and remits half to the parent. Biloxi Co. has expected cash flows from domestic business equal to $14,000,000 and the Chinese subsidiary is expected to generate 135 million Chinese yuan at the end of the year. The expected value of yuan at the end of the year is $0.15. What are the expected dollar cash flows of the parent of Biloxi Co. in one year? Round your answer to the nearest dollar, if necessary.

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