2022 Audi SQ5 in the U.S. costs $55,800, while the exact car costs 50,596 in Germany. (a) (1 point) Based on absolute purchasing power parity, what is the implied /S exchange rate? (b) (1.5 points) The inflation rate in Germany is expected to be 7.4 percent as compared to 8.5 percent in the U.S. Based on relative purchasing power parity, what should the exchange rate be five years from now? Use the implied exchange rate in (a) as the current spot exchange rate