[Estimating an MNC's Cash Flows] Biloxi Co. is a U.S. firm with 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 of $10,000,000 from domestic business and the Chinese subsidiary is expected to generate 100 million Chinese yuan at the end of the year. The expected value of yuan at the end of the year is $.13. What are the expected dollar cash flows of the parent of Biloxi Co. after reinvestment in one year?

Yuan is China's currency (multinational finance question).

*Looking for a step by step solution (including formulas). That way I can teach myself instead of just getting the answer. Thank you!