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Next year, an MNC's New Zealand subsidiary is projecting revenues of NZD 13 m and expenses of NZD 7 m. In addition, the subsidiary is
Next year, an MNC's New Zealand subsidiary is projecting revenues of NZD 13 m and expenses of NZD 7 m. In addition, the subsidiary is calculating with NZD 2 m non-cash expense depreciations. Calculate the cash flows remitted to the parent (in NZD) if you know that the host country taxes are 20%, the planned remittance rate is 70%, and remittance withholding taxes are 10%!
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