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A U.S. firm is expecting to pay cash flows of 15 million Egyptian pounds and 25 million Qatar rials. The current spot exchange rates are:

A U.S. firm is expecting to pay cash flows of 15 million Egyptian pounds and 25 million Qatar rials. The current spot exchange rates are: $1 = 5.25 pounds and $1 = 3.75 rials. If these cash flows are delayed one year and the expected spot rates at that time will be $1 = 5.62 pounds and $1 = 4.00 rials, then what is the difference in dollars paid that was caused by the delay? $1.08 million $0.84 million $0.68 million $0.6 million

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