7. (6 points) A currency clause is a contractual arrangement in which buyer and seller agree to share or split currency movements impacts on payments between them. Suppose Redlight Industrials Inc. (RII) has an accounts payable of 15,000,000 yen to Mitsubishi Electronics of Japan. If the exchange rate falls between 102 yen/$ and 112 yen/$, RII agrees to the financial exposure. If it falls outside the range, they will share the difference equally. Suppose the rate rises to 116 yen/$. What will RII's total payment in dollars to Mitsubishi be after undertaking the agreement