Please this is an exam!!! Make sure that you do all the calculations correctly in order to answer correctly to all the questions asked. Lately, I have been very very disappointed with answers received from chegg experts. All the answers that I received from them were wrong!!!! I hope you would not also give me a wrong answer.

Elan Pharmaceuticals. Elan Pharmaceuticals, a U.S.-based multinational pharmaceutical company, is evaluating an export sale of its cholesterol-reduction drug with a prospective Indonesian distributor. The purchase would be for 1,700 million Indonesian rupiah (Rp), which at the current spot exchange rate of Rp9,430/S, translates into $180,275.72. Although not a big sale by company standards, company policy dictates that sales must be settled for at least a minimum gross margin, in this case, a cash settlement of $173,000. The current 90-day forward rate is Rp9,920/S. Although this rate appeared unattractive, Elan had to contact several major banks before even finding a forward quote on the rupiah. The consensus of currency forecasters at the moment, however, is that the rupiah will continue to strengthen, possibly rising to Rp10. 160 /S over the coming 90 to 120 days. Analyze the prospective sale and make a hedging recommendation. How much in U.S dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp9,430/5 S (Round to the nearest cent.) How much in U.S dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp10,160/5? (Round to the nearest cent) How much in US dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Ro9 920/$? Enter your answer in each of the answer boxes