In accordance with the valuation formula of a U.S. based multinational corporation, ,

which of the following is correct for JJ Company (a U.S. based multinational corporation)? JJ Company has a subsidiary established in China.

Question options:

	If the economic condition in China weakens, the value of JJ company increases.
	If the required rate of return by investors, k, increases, the value of JJ company increases.
	If the U.S. dollar appreciates against Chinese Yuan (i.e., Chinese Yuan appreciates against the U.S. dollar), the value of JJ company decreases.
	If China increases corporate taxes on subsidiaries of the U.S. based multinational corporations, the value of JJ company increases.