Intro Thornton Industries is a U.S. firms with operations in France. The company expects the following...
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Intro Thornton Industries is a U.S. firms with operations in France. The company expects the following cash flows: . U.S. sales of $140 million .U.S. cost of goods sold of $60 million . U.S. interest expenses of $15 million Selling, general and administrative expenses of $30 million .French sales of 80 million French cost of goods sold of 14 million French interest expenses of 2 million The company expects the euro exchange rate to be one of three possible values: $0.94 per euro, $1.04 per euro, or $1.14 per euro. Part 1 Attempt 1/10 for 9.5 pts. What is the cash flow before taxes if the exchange rate turns out to be $1.14 per euro (in $ million)? 0+ decimals Submit Attempt Intro Thornton Industries is a U.S. firms with operations in France. The company expects the following cash flows: . U.S. sales of $140 million .U.S. cost of goods sold of $60 million . U.S. interest expenses of $15 million Selling, general and administrative expenses of $30 million .French sales of 80 million French cost of goods sold of 14 million French interest expenses of 2 million The company expects the euro exchange rate to be one of three possible values: $0.94 per euro, $1.04 per euro, or $1.14 per euro. Part 1 Attempt 1/10 for 9.5 pts. What is the cash flow before taxes if the exchange rate turns out to be $1.14 per euro (in $ million)? 0+ decimals Submit Attempt
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