Custorn Shutters, inc., manufactures plantation shutters according to customer orser, The company has a reputation for producing excelient qualty shutters that fit virfually amy slze or shape of window. Sales are made in all 50 states. On July 1, Custom Shutters received orders from contractors in Switzerland and Japan, Lee Mills, president and co-owner of Custom Shutters, was delighted. The Swiss order is for shutters priced at $64,000. The order is due in Geneva on 5 eptember 1 , with payment due in fuf on October 1. The Japanese order is for shutters priced at \$124,000. It is due in Tokyo on August 1, with payment due in full on October 1. 6oth orders are to be paid in the customer's currency. The Swiss customer has a reputation in the industry for tate payment, and it could take as long as 6 months. Lee has never received payment in foreign currency hefore. He had his accountant prepare the following table of exchange rates: Required Round your answers to the nearest dollar, 1. If the price of the shutters is set using the spot rate as of July 1 , how many francs does Lee expect to receive on October 1? How many yen does he expect on October 1? Swiss arder Swiss tranes: japanese order yen 2. Using the number of francs and yen calculated in Requirement 1 , how many dollars does Lee expect to receive on October 17 Assume on-time payment and the 90-day focward rate holds