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Consider the following exam question and student solution. Determine whether the solution is correct. If it is not correct, write a note to the student explaining why it is wrong and give a correct solution. Exam question: You can buy a 36-pound bag of flour for $8 or you can buy a 1-pound bag for $0.49. Compare the per pound cost for the large and small bags. Student solution: The large bag price is 36 + $8 = $4.50 per pound, which is much more than the 49 per pound price of the small bag. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The student's solution is correct. B. The student's solution is incorrect. The student's division gives an answer with units of pounds per dollar, but he should seek an answer in dollars per pound. The answer in dollars per pound is $ per pound, which is less than the $0.49 per pound for the smaller bag. (Round to the nearest cent as needed.) C. The student's solution is incorrect. The student should have converted 494 per pound to dollars per pound before writing the exam solution. He should have converted 494 cents per pound to $ per pound. (Round to the nearest cent as needed.)Dollars per Foreign per Dollar Use the currency exchange rates in the table for the following question. Currency Foreign British pound 1.414 0.7072 You arrive in Paris with $560. How many euros can you buy? Canadian dollar 0.7834 1.277 European euro 1.256 0.7965 Japanese yen 0.01007 99.34 Mexican peso 0.06584 15.19 You can buy euros with $560. (Simplify your answer. Round to two decimal places as needed.)Gasoline sells for 1.7 euros per liter in a city in Europe. What is the price in U.S. dollars per gallon? (Recall that 1 gal = 3.785 L.) Currency Exchange Rates Dollars Currency Foreign per Foreign per Dollar British pound 1.207 0.8285 Canadian dollar 0.7464 1.34 European euro 1.046 0.956 Japanese yen 0.009452 105.8 Mexican peso 0.04552 21.97 The cost in U.S. dollars per gallon is approximately $ per gallon. Round to the nearest cent as needed.)