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Suppose that A sells $1 million monthly to subsidiary B and $1.5 million monthly to subsidiary C, B sells $2.2 million monthly to A and

Suppose that A sells $1 million monthly to subsidiary B and $1.5 million monthly to subsidiary C, B sells $2.2 million monthly to A and $100,000 monthly to C, and C sells $600,000 monthly to A and $500,000 to B. Based on the above information, multilateral netting will reduce these flow by__________ .

$1.7 million

$5.1 million

$3.3 million

None of the above

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