Barcelona Exports. Oriol D'ez Miguel S.R.L., a manufacturer of heavy duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase price is

euro 429,000. Jordan imposes a 13 % import duty on all products purchased from the European Union. The Jordanian importer then re-exports the product to a Saudi Arabian importer, but only after imposing its own resale fee of 28 %. Given the following spot exchange rates on April 11, 2010, what is the total cost to the Saudi Arabian importer in Saudi Arabian riyal, and what is the U.S. dollar equivalent of that price?

Currency Cross rate Spot Rate

Jordanian dinar (JD) per euro (euro) 0.953

Jordanian dinar (JD) per U.S. dollar ($) 0.703

Saudi Arabian riyal (SRI) per U.S. dollar ($)

Additional fees due on importation (13%) JD__________

Total cost, Jordanian dinar JD___________

Resale fee in Jordan (28%) JD__________

Resale price to Saudi Arabia JD ___________

Price paid in Saudi Arabian riyal is SRI ___. (Round to two decimal places.)

The U.S. dollar equivalent of the final price paid is $ ______ (Round to two decimal places.)