Diamond Limited, a New Zealand company has an Australian subsidiary that earned AUD40 million this year. Little Limited, which is also resided in New Zealand has an Australian subsidiary that earned AUD30 million this year. The subsidiary of Diamond Limited plans to reinvest its earnings in Australia while the subsidiary of Little Limited plans to remit its earnings to the New Zealand parent. Another New Zealand company, Malee Limited does not have an Australian subsidiary but it received revenue of AUD50 million this year from exporting to Australia. All three companies have the same total revenue and total earnings levels (when considering their New Zealand business as well), and are the same size, and do not have any other international business. Which company is subject to the highest degree of translation exposure? Justify your answer with thorough explanation on both companies.