Dubas Co. is a U. S.-based MNC that has a subsidiary in Germany and another subsidiary in Greece. Both subsidiaries frequently remit their earnings back to the parent company. The German subsidiary generated a net outflow of €10,500,000 this year, while the Greek subsidiary generated a net inflow of €11,500,000. What is the net inflow or outflow as measured in U. S. dollars this year? The exchange rate for the euro is $1.12.
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