4. Venkat Ram purchased a pair of dress shoes in Italy for 131.25. If the spot exchange rate is $1.5621/, what did the shoes cost in dollars? (Round your final answer to two decimal places.)

5. Sunland Autos has contracted with an Indian software firm for design software. The payment of 22,400,000 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs70.00/$. (Round answer to 2 decimal places, e.g. 15.25.)