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A U.S. firm is expecting cash flows of 19.25 million Mexican pesos and 24.25 million Indian rupees. The current spot exchange rates are: $1 =
A U.S. firm is expecting cash flows of 19.25 million Mexican pesos and 24.25 million Indian rupees. The current spot exchange rates are: $1 = 11.586 pesos and $1 = 45.610 rupees. If these cash flows are not received for one year and the expected spot rates at that time will be $1 = 11.350 pesos and $1 = 45.090 rupees, then what is the difference in dollars received that was caused by the delay? (Round your answer to 4 decimal places.)
The choices are A. $0.41 million less B. $17.153 million more C. $ 0.41 million more D. $ 17.153 less
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