Problem 17 A late penalty of 10% will apply to new answers. Intro 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 40 Total assets 90 The initial exchange rate is 0.93 per $. Part 1 | Attempt 1/10 for 9 pts. What is the dollar value of equity if the current exchange rate is 0.93 per $ (in $ million)? TH+ decimals Submit