Santana Music is a U.S-based MNC whose foreign subsidiary had pretax income of $60,000; all after-tax income is available in the form of dividends to the parent company The local tax rate is 41%, the foreign dividend withholding tax rate is 52%, and the US tax rate is 32% Compare the net funds available to the parent corporation (a) i foreign taxes cannot be applied as a credit against the U.S. tax lability and (b) if they can The dividend available to be declared iss/(Round to the nearest dolar) The dividends that Santana wil actually receive is S (Round to the nearest dollar) (a) If foreign taxes cannot be applied against the U.S tax liability, the net funds available to Santana is (Round to the nearest dollar.) (b) If foreign taxes can be applied against the U.S tax liability, the net funds available to Santana is S(Round to the nearest dollar.)