Pale Riders, a Canadian company, has a wholly owned foreign subsidiary in Argentina. The subsidiary earns $8.4M annually before taxes. The foreign income tax rate in Argentina is 22%. The entire after tax profit is repatriated by the parent company in Canada in the form of dividends. The corporate tax rate in Canada is 28% of foreign earnings before taxes. Question 16 (2 points) What is the after-tax cash flow for Pale Riders? (Disregard any exchange rate issues) $5,848,000 $6,192,000 $6,048,000 $6,552,000 Question 17 (2 points) How much is due in Canadian corporate taxes? (Disregard any exchange rate issues) $344,000 $504,000 $2,352,000 $516,000 Question 18 (2 points) What amount can Pale Riders claim as a foreign tax credit? (Disregard any exchange rate issues) $2,408,000 $1,892,000 $2,352,000 $1,848,000