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Campbell Electronics Corporation has a wholly owned foreign subsidiary in Jamaica. The subsidiary earns $6.7 million per year before taxes in Jamaica. The foreign income

Campbell Electronics Corporation has a wholly owned foreign subsidiary in Jamaica. The subsidiary earns $6.7 million per year before taxes in Jamaica. The foreign income tax rate is 20 percent. Campbells subsidiary repatriates the entire aftertax profit in the form of dividends to the parent corporation. The Canadian corporate tax rate is 25 percent of foreign earnings before taxes.

Disregarding any problems associated with exchange rates, complete the following table: (Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response. Enter the answer in dollar, and not in millions.)

Before-tax earnings $
Foreign income tax
Earnings after foreign income taxes
Dividends repatriated
Gross Canadian taxes
Foreign tax credit
Net Canadian taxes payable $
Aftertax cash flow $

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