Conduct an online search to review a recent annual report of the operations of any publicly traded U.S.-based MNC. Write a paragraph (or two) in which you describe how the MNCs cash flows are exposed to the international environment.

• Is the MNC you selected most exposed to a particular currency?
• If so, describe how would depreciation of that currency against the dollar affect the value of that MNC.
• Is the MNC you selected exposed to the economic conditions of the particular country?
• If so, describe how a change in the conditions of that country could adversely affect the MNC's cash flows.
• How is the MNC affected by the current public health crisis?