Problem 14 A late penalty of 20% will apply to new answers. Intro Thornton Industries is a U.S. firms with operations in France. The company expects the following cash flows: U.S. sales of $120 million U.S. cost of goods sold of $60 million U.S. interest expenses of $12 million Selling, general and administrative expenses of $30 million French sales of 80 million French cost of goods sold of 11 million French interest expenses of $2 million The company expects the euro exchange rate to be one of three possible values: $0.97 per euro, $1.07 per euro, or $1.17 per euro. Part 1 | Attempt 1/10 for 8 pts. What is the cash flow before taxes if the exchange rate turns out to be $0.97 per euro (in $ million)? 0+ decimals Submit Part 2 | Attempt 1/10 for 8 pts. What is the cash flow before taxes if the exchange rate turns out to be $1.07 per euro (in $ million)? 0+ decimals Submit Part 3 | Attempt 1/10 for 8 pts. What is the cash flow before taxes if the exchange rate turns out to be $1.17 per euro (in $ million)? 0+ decimals Submit