11. Problem 2-11 cBook 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 14,000 watches for a total of 1.28 million Swiss francs. Refer to Table 21 and determine the following: a. The total cost and cost per watch in U.S. dollars. Do not round intermediate calculations. Round the cost per watch to the nearest cent and the total cost to the nearest dollar, Coster watch $ Total costs b. The total cost and cont per watch in US dollars of 15,000 watches purchased on November 10, 2015 asuming that Alpines price per watch (in Swiss franca) remains unchanged. Do not round intermediate calculations. Round the cost per watch to the nearest cent and the total cost to the nearest dollar Cost per watch: Total costs TABLE 2.1 Spot Foreign Exchange Rates (Direct Quotes) Exchange Rate (U.S. Dollars) Country Currency February 25, 2013 November 18, 2015 Australia Dollar $1.0258 $0.7111 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 South Africa Rand $0.1129 $0.0706 Switzerland Franc $1.0728 $0.9805 Euro area Euro $1.3062 $1.0660 Source: The Wall Street Jumal bruny 25, 2013 and November 19, 2015