Kittle estimates it's cash flows from both the U.S., in dollars, and Canada, in Canadian dollars, for a typical quarter. These figures are summarized in the following table. U.S. Canada Sales $325 C$4 -Cost of materials $45 C$200 -Operating expenses $55 -Interest expenses $4 C$10 Cash flows $221 -$C206 Kittle believes that the value of the Canadian dollar will be either $0.75 or $0.85 and seeks to analyze its cash flows under each of these scenarios. The following table shows Kittle's cash flows under each of these exchange rates.