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KT Enterprises, an Australian import-export trading company, is considering its international tax situation. KT's Australian tax rate is 30%. KT has significant operations in both Japan and Ireland. In Japan, the current exchange rate is ¥118.4/$ and earnings in Japan are taxed at 41%. In Ireland the current exchange rate is $1.27/€ and earnings in Ireland are taxed at 12.5%. KT's profits are fully and immediately repatriated, and foreign taxes paid for the current year are shown here (in millions) :
-The amount of the taxes paid in dollars for the Japanese operations is closest to:
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