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Ship Co is a U.S. company with sales Mex amounting to p$10 million. Its cost of materials attributable to the purchase of Mex goods is
Ship Co is a U.S. company with sales Mex amounting to p$10 million. Its cost of materials attributable to the purchase of Mex goods is p$5 million. Its interest expense on Mex loans is p$2 million. Ship Co.'s cash flows in US $ before taxes would if the Mex peso appreciates.
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