Extent Co. is a U.S. based MNC that has a subsidiary in France and another in Sweden. Both subsidiaries frequently remit their earnings back to the parent company. Ther French subsidiary generated a net outflow of 12,000,000 euro this year, and the Swedish subsidiary genereated a net inflow of 11,500,000 euros. What is the net inflow or outflow as measured in U.S. dollars this year? The exchange rate for the euro is $1.12.