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Barcelona Machine Tools. 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

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Barcelona Machine Tools. 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 425,000. Jordan imposes a 14% 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 29%. 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? (Click on the icon to import the table into a spreadsheet.) Currency Crossrate Spot Rate Jordanian dinar (JD) per euro () 0.962 Jordanian dinar (JD) per U.S. dollar ($) 0.702 Saudi Arabian riyal (SRI) per U.S. dollar ($) 3.689 CIT The spot rate, Saudi Arabian riyal per Jordanian dinar is SRIJD. (Round to five decimal places.) +

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