Livingston Co.has a subsidiary in Korea.The subsidiary reinvests half of its net cash flows into ope
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Livingston Co.has a subsidiary in Korea.The subsidiary reinvests half of its net cash flows into operations and remits half to the parent.Livingston's expected cash flows from domestic business are $100,000 and the Korean subsidiary is expected to generate 100 million Korean won at the end of the year.The expected value of won is $.0012.What are the expected dollar cash flows of Livingston Co.?
A.$100,000
B.$200,000
C.$160,000
D.$60,000
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