Question: Please help the last person got this one wrong Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 6

Please help the last person got this one wrong Transaction exposure. InternationalPlease help the last person got this one wrong

Transaction exposure. International Products, Inc. has ordered 12,000 leather coats from Argentina for delivery in 6 months. The contracted cost of a coat is 145 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2218 pesos. The anticipated inflation rate is 3.6% in the United States and 8.3% in Argentina. In U.S. dollars, how much will the 12,000 leather coats cost International Products at delivery? In U.S. dollars, how much will the 12,000 leather coats cost International Products at delivery? $ (Round to the nearest cent.)

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