19.3- Exchange rates Fred Nappa is planning to take a wine tasting tour through Italy this summer. The will cost 2,750 euros and includes transportation, hotels, and guide. Fred estimates the round trip airfare from his home in North Carolina to Rome, Italy will be $1,490; he also will incur another $300 (U.S.) in incidental travel expenses. Fred estimates the cost of meals in Italy to be about 500, and he will take and additional $1,000 U.S. to cover miscellaneous expenditures. Currently the exchange rate in U.S. $1.3411/1.00 (or .74.56/US$1.00)

a) Determine the total dollar cost of the trip to Italy.

b) Determine the amount of euros Fred will need to cover meals and miscellaneous expenditures.