Calculate the total australian dollar cash flow

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Question

Perth International Co., an Australian multinational company, forecasts 70 million Australian dollars (A$) earnings each year in the next three years. It expects 58 million Chinese yuan (CNY), 41 million Indian rupees (INR) and 37 million Malaysian ringgit (MYR) proceeds from its three subsidiaries in year one. It also forecasts the year-one exchange rates A$0.2053/CNY, A$0.0306/INR and A$0.6015/MYR.

Calculate the total Australian dollar (A$) cash flow for year one.

Reference no: EM133495832

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