The Brazilian subsidiary of a Canadian company has Before Tax earnings of BRL 30 million. Corporate Tax rate in Brazil is 25%. The brazilian establishment charges an yearly depreciation of BRL 4 Million. If the subsidiary remits all the after tax cash flow to the Canadian parent, what will be the CAD cash inflow from the Brazilian subsidiary if BRL/CAD is 0.2366?

a) 4.38 Million $

b) 6.27 Million

c) $5.32 Million

d) $8.53 Million