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Arvin Australian Imports has agreed to purchase 20,000 cases of Australian wine for 3 million Australian dollars at today's spot rate. The firm's financial manager,

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Arvin Australian Imports has agreed to purchase 20,000 cases of Australian wine for 3 million Australian dollars at today's spot rate. The firm's financial manager, Sarah Vintnor, has noted the following current spot and forward rates: On the same day, Vintnor agrees to purchase 20,000 more cases of wine in 3 months at the same price or 3 minon nustrallan dollars. a. What is the price of the wine in U.S. dollars if it is purchased at today's spot rate? Round your answer to the nearest cent. $ b. What is the cost in U.S. doliars of the second 20,000 cases if payment is made in 90 days and the spot rate at that time equals today's 90 -day forward rate? Round your answer to the nearest cent. 5 c. If the exchange rate for the Australian dollar is 1.29 to $1 in 90 days, how much will Vintnor have to pay for the wine (in U.S. dollars)? Round your answer to the nearest cent

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