$8.$ Alpha Corp., a U$.$S$.$ based MNC$,$ is considering opening a subsidiary in Australia, where it currently has no operations.The initial investment required is $10$ million Australian dollars $($AS$).$ The current exchangerate is $$1=2$ AS$,$ so the initial investment in U$.$S$.$ dollars is $$5$ million.The subsidiary will be terminated after $3$ years and will be sold at that time for AS$12$million.Overhead expenses are AS$1$ million per year.Australian subsidiary incurs A$ $200,000$ administrative salary expense per year.Assume a stable exchange rate at $ $=1\mathrm{.}5$ AS for the next $3$ years.The income tax rate in Australia is $30\%,$ and the withholding tax is $10\%$ on remitted funds.Alpha Corp. requires $15\%$ return on this project.Alpha subsidiary plans to send all net cash flows received back to the parent firm at the end of each year.The initial investment of AS$10$ million in plant and equipment will be depreciated evenly over $10$ years.Other relevant information $($price$,$ expected units sold, and variable cost $($VC$)$ is as follows:Year $1$Price per unit is $140$Units sold are $10,000$VC per unit $65$Year $2$Price per unit is $150$Units sold are $12,000$VC per unit $65$Year $3$Price per unit is $220$Units sold are $15,000$VC per unit $70$Given the information above, what is the total AS cash remitted to the parent for Year $3?*$ A$ $13,057,500*$ A$ $12,931,500*$ A$ $1,057,500*$ A$ $1,175,000*$ A$ $1,035,000$