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Tailor Johnson, a U. maker of fine menswear, has a subsidiary in Ethiopia.

Tailor​ Johnson, a U.S. maker of fine​ menswear, has a subsidiary in Ethiopia. This​ year, the subsidiary reported and repatriated earnings before interest and taxes​ (EBIT) of 278 million Ethiopian birrs. Assume the current exchange rate is 8.7022 ​birr/dollar or S1=$0.1149/birr. The Ethiopian tax rate on this activity is 24 %. Tax law in the United States requires Tailor Johnson to pay taxes on the Ethiopian earnings at the same rate as on profits earned in the United​ States, which is currently 40 %. ​However, the United States gives a full tax credit for foreign taxes paid up to the amount of the U.S. tax liability. What is Tailor​ Johnson's U.S. tax liability on its Ethiopian​ subsidiary? (Round to three decimal places)

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