Problem 4-14 (algorithmic) Question Help Chinese Sourcing and the Yuan. Harrison Equipment of Denver, Colorado purchases all of its hydraulic tubing from manufacturers in mainland China. The company has recently completed a corporate-wide initiative in six sigma/lean manufacturing Completed oil field hydraulic system costs were reduced 4.5% over a one-year period, from $877,000 to $837,535. The company is now worried that all of the hydraulic tubing that goes into the systems (making up 19% of their total costs) will be hit by the potential revaluation of the Chinese yuan-If some in Washington get their way. How would a 12.6% revaluation of the yuan against the dollar impact total system costs? The current cost of the hydraulic tubing is $ (Round to the nearest cent) Spencer Grant and Vaniteux (A). Spencer Grant is a New York-based investor. He has been closely following his investment in 400 shares of Vaniteux, a French firm that went public in February 2010. When he purchased his 400 shares at 17.59 per share, the euro was trading at $1.35937. Currently, the share is trading at 27.41 per share, and the dollar has fallen to $1.3982/. a. If Spencer sells his shares today, what percentage change in the share price would he receive? b. What is the percentage change in the value of the euro versus the dollar over this same period? c. What would be the total return Spencer would earn on his shares the sold them at these rates? a. If Spencer sells his shares today, what percentage change in the share price would he receive? 0.83 The shareholder return is % (Round to two decimal places.) 1/1)