Valley Stores, a U.S. department store chain, annually negotiates a contract with Alpine Watch Company, located in Switzerland, to purchase a large shipment of watches. On February 25, 2013, Valley purchased 10,000 watches for a total of 1.26 million Swiss francs. Refer to Table 2.1 and determine the following: 

a. The total cost and cost per watch in U.S. dollars 

b. The total cost and cost per watch in U.S. dollars of 12,000 watches purchased on November 18, 2015, assuming that Alpine€™s price per watch (in Swiss francs) remains unchanged

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TABLE 2.1 Spot Foreign Exchange Rates (Direct Quotes) Exchange Rate (U.S. Dollars) Country Currency Dollar February 25, 2013 November 18, 2015 $0.7111 Au stralia $1.0258 U.K. Pound $1.5165 $1.5236 Canada Dollar $0.9745 $0.7517 India Rupee $0.01845 $0.01514 Japan Yen $0.010891 $0.008088 $0.0706 South Africa Rand $0.1129 Switzerland Franc $1.0728 $0.9805 Euro area Euro $1.3062 $1.0660