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QUESTION 5 T&T, a US firm, has a Chinese subsidiary that manufactures and sells TVs in China. Current exchange rate: CNY6.25/USD Expects to sell 2000

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QUESTION 5 T&T, a US firm, has a Chinese subsidiary that manufactures and sells TVs in China. Current exchange rate: CNY6.25/USD Expects to sell 2000 TVs this year at CNY2800 each. Main input is priced in USD (USD120/unit) Fixed cost=CNY2M Depreciation = CNYO.9 million Tax rate=30%, assuming tax credits are available for immediate use if losses occur What are the operating cash flows in CNY and dollars? Please select the most suitable option O a. CNY 1,284,960 and USD 204,611 ObCNY 1,369,960 and USD 218,146 OC. CNY 1,369,960 and USD 277,955 d. CNY 1,740,000 and USD 278,400 QUESTION 6

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