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What will be the cad cash inflow

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Question - The Estonian subsidiary of a Canadian company has Before Tax earnings of EUR 30 million. Corporate Tax rate in Estonia is 25%. The Estonian establishment charges a yearly depreciation of EUR 3 million. If the subsidiary remits all the after-tax cash flow to the Canadian parent, what will be the CAD cash inflow from the Estonian subsidiary if EUR/CAD is $1.50?

Reference no: EM133029697

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