Netto is an American company with operations in Europe. The balance sheet of their European subsidiary is given below (in million): Assets Liabilities & Equity Liabilities 50 Equity 10 Total assets 60 The initial exchange rate is 0.77 per $. Part 1 Attempt 1/10 for 10 pts. What is the dollar value of equity if the current exchange rate is 0.77 per $ (in $ million)? 1+ decimals Submit Part 2 | Attempt 1/10 for 10 pts. A year later, the balance sheet of the European subsidiary is still the same, but the exchange rate has changed to 0.924 per $. What is the new dollar value of equity (in $ million)? 1+ decimals