17. Export price Please refer to Table 5 in the datafile. If the EUR/USD exchange rate decreases to 0.9500, what will be the new USD sales price, assuming full pass-through. a) 12.54 b) 11.40 c) 13.20 d) 11.94 Ganado Germany exports lightbulbs to the United States. Based on a EUR/USD exchange rate of 1.0500, they expect the following results. Assumptions Price elasticity of demand Cost of capital -1,5 15% 2019 Sales volume (units) Sales price (USD) EUR/USD Sales price (EUR) Direct cost (EUR) Cash expenses (EUR) Depreciation (EUR) Tax rate 1000000 13,20 1,0500 12,57 10,00 -890000 -600000 29,5% mo