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Company CYZ, a US Company has two subsidiaries. The first subsidiary has net inflows in Canadian dollars of C$40,000, and the second subsidiary has net

Company CYZ, a US Company has two subsidiaries. The first subsidiary has net inflows in Canadian dollars of C$40,000, and the second subsidiary has net outflows in Canadian dollars of C$60,000. Calculate the net outflow or inflow in US dollars if the expected exchange rate of the Canadian dollar is US$0.75. Show working.

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