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Hi there, could you explain to me where I have gone wrong in the following questions? The questions are in italics and my workings/answers are

Hi there, could you explain to me where I have gone wrong in the following questions?

The questions are in italics and my workings/answers are in normal texts, while the correct text is in bold.

Thank you and much appreciated.

Q1 The multinational company Ozi Ltd. anticipates 45 million Australian dollars (A$) incomes from the local business next year. It forecasts next year 83 million Japanese yen (YEN), 60 million Indian rupee (INR) and 39 million Malaysian ringgit (MYR) earnings of its subsidiaries in Japan, Indian and Malaysia, respectively. The subsidiaries remit 63 per cent of their proceeds to the Australian parent. Calculate the total A$ cash flow if Ozi expects the next year value of YEN, INR and MYR are A$0.0257, A$0.0515and A$0.4569, respectively. (enter the whole number with no sign or symbol)

Local Biz: A$45 million

Foreign Subsidiaries:

-1 YEN = A$0.0257

o83 mil YEN = 0.0257 / 1 * 83 mil = A$2,133,100

-1 INR = A$0.0515

o60 mil INR = 0.0515 / 1 * 60 mil = A$3,150,000

-1 MYR = A$0.4569

o39 mil MYR = 0.4569 / 1 * 39 mil = A$17,819,100

63% * (A$2,133,100 + A$3,150,000 + A$17,819,100) = A$14,554,386

Total:

A$14,554,386 + A$45 mil = A$59,554,386

Correct answer: 59516586

Q2 The multinational company Ozi Ltd. anticipates 41 million Australian dollars (A$) incomes from the local business next year. It forecasts next year 87 million Japanese yen (YEN), 57 million Indian rupee (INR) and 38 million Malaysian ringgit (MYR) earnings of its subsidiaries in Japan, Indian and Malaysia, respectively.Due to foreign currency higher interest rate, its subsidiaries invest 56 per cent of their earnings in the country where they reside, and remaining incomes remit to the Australian parent.Calculate the total A$ cash flow if Ozi expects the next year value of YEN, INR and MYR are A$0.0250, A$0.0500and A$0.6242, respectively. (enter the whole number with no sign or symbol)

Local Biz: A$41 million

Foreign Subsidiaries:

-1 YEN = A$0.0250

o87 mil YEN = 0.0250 / 1 * 87 mil = A$2,175,000

-1 INR = A$0.0500

o57 mil INR = 0.0500 / 1 * 57 mil = A$2850,000

-1 MYR = A$0.6242

o38 mil MYR = 0.6242 / 1 * 38 mil = A$23,719,600

56% * (A$2,175,000 + A$2850,000 + A$23,719,600) = A$16,096,976

Total:

A$16,096,976 + A$41 mil = A$57,096,976

Correct answer: 53647624

Q3 The Perth International Co. anticipates 41 million Australian dollars (A$) earnings in Australia next year (i.e., year-one). It expects 54 million Hong Kong dollar (H$), 61 million Singapore dollar (S$) and 73 million New Zealand dollar (N$) incomes of its subsidiaries in Hong Kong, Singapore and New Zealand, respectively, in year-one. It also forecasts H$46 million, S$55 million and N$67 million proceeds of its subsidiaries after two years. The Perth International expects the current exchange rates A$0.2687/H$, A$0.8793/S$ and A$0.7145/N$ will be remaining the same in the next two years. If the subsidiaries remit their revenues to the Australian parent at the end of each year, estimate the value of Perth international based on its 6.71 per cent weighted average cost of capital or required rate of return.

Local Biz: A$41 million

Foreign Subsidiaries:

Exchange rates:

A$0.2687/H$A$0.8793/S$A$0.7145/N$

Year 1

HKD$54mil --> 54mil * 0.2867 = 14509800

SGD$61mil--> 61mil * 0.8793 = 53637300

NZD$71mil --> 71mil * 0.7145 = 50729500

Year 2

HKD$46mil --> 46mil * 0.2867 = 13188200

SGD$55mil --> 55mil * 0.8793 = 48361500

NZD$67mil --> 67mil * 0.7145 = 47871500

Total:

14509800 +53637300 + 50729500 + 13188200 + 48361500 + 47871500 = 228297800

41000000 + 228297800 = 269297800

Total A$ value = $269,297,800

6.71% weightage:

6.71 / 100 *269297800 = 1.807 x 10^7

Correct Answer: 246528332

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