QUESTION 2

Griffith Ltd. operates in Australia and is a subsidiary of Super Nathan GmbH. in Germany. Griffith Ltd. generates net cash flows of $30 million a year in Australia and Griffith remits half of its net cash flows to the parent. If the Australian dollar converts to 0.7 euros, how much would Super Nathan receive from Griffith each year?

		$42,857,143
		$10,5000,000
		$21,000,000
		$30,000,000