Suppose that Canton Co$.$ is a U$.$S$.-$based MNC with a foreign subsidiary in Germany, which deals in euros. The local earnings of this German subsidi over a two$-$year period are shown in the following table, along with the weighted average exchange rate of the euro and the translated U$.$S$.$ dollar earnings of the subsidiary.

$\backslash$table$[[,$Local Earnings of German,,$],[$Subsidiary$,$Weighted Average Exchange,$\backslash$table$[[$Translated U$.$S$.$ Dollar Earnings of$],[$German Subsidiary$]],],[$Period$,($Euros$,$ Millions$),$Rate of Euro,$($Dollars$,$ Millions$)],[$Year $1,20,$$$1\mathrm{.}20,$$$24\mathrm{.}00$