Scania Heavy Machinery AB. Scania Heavy Machinery AB, a manufacturer of heavy-duty machinery and vehicles near Stockholm, ships an order to a buyer in Lebanon. The purchase price is kr375,000. Lebanon imposes a 15% import duty on heavy machinery products purchased from the European Union. The Lebanese importer then reexports the equipment to an Iraqi importer, but only after imposing its own resale fee of 20%. Given the following spot exchange rates on September 16, 2019, what is the total cost to the Iraqi importer in Iraqi dinar, and what is the euro equivalent of that price?

Currency Crossrate Spot Rate Lebanese pound (LBP) per krona (kr) LBP154.13/kr Lebanese pound (LBP) per euro (€) LBP1,668.38/€

Iraqi dinar (IQD) per euro (€) IQD1,314.42/€