How would the company's projected earnings before taxes be affected by the importance of

. Richard's U.S. sales are somewhat affected by the value of the New Zealand dollar (NZ$), because it faces competition from New Zealand exporters. It forecasts the U.S. sales based on the following three exchange rate scenarios: Exchange Rate of NZ$ Revenue from U.S. Business (in millions) NZS = $.48 $ 100 NZS = .50 105 NZS = .54 110 . Richard Co. revenues in New Zealand dollars are expected to be NZ$ 600 million. . Its anticipated cost of goods sold is estimated at $ 60 million from the purchase of U.S. materials and NZ$ 100 million from the purchase of New Zealand materials. . Fixed operating expenses are estimated at $ 30 million. . Variable operating expenses are estimated at 20 percent of total sales (after including New Zealand sales, translated to a dollar amount). . Interest expense is estimated at $20 million on existing U.S. loans, and the company has no existing New Zealand loans