A British-made component costs 157 U.K. pounds. A company in the United States needs to buy these components and the current indirect quote indicates that one dollar will buy 0.90 pounds. Ignoring transactions costs, how much will one component cost in U.S. dollars?

Instruction: Type your answer in dollars, and round to two decimal places. E.g., if your answer is $77.77, you should type ONLY the number 77.77, neither $77.77, 78, nor 77.8. Otherwise, Blackboard will treat it as a wrong answer.