4/4 6) The following table contains exchange rate data for five countries: Country Actual Exchange Rate Big Mac Price in $ Implied PPP of $ Over/under valuation (%) U.S. Argentina Brazil Chile Mexico Big Mac Price in Local Currency $3.22 P 8.25 R 6. 4 R P 1,670 P 29.0 $1.00/$ P 3.11/S 2.13/$ P 544/$ P 10.9/$ Compute the Big Mac price (in dollars) in each country. Compute the PPP-implied exchange rate for each currency. Compute the percentage over/undervaluation for each currency. c) ICE