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Duke Inc. is a U.S. producer of spicy cheese products. Duke's balance sheet has USD 200 million in equity, USD 20 million in USD-denominated net

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Duke Inc. is a U.S. producer of spicy cheese products. Duke's balance sheet has USD 200 million in equity, USD 20 million in USD-denominated net debt, and USD 40 million in EUR denominated net debt. Duke's business exposure to the EUR is:1.20. If Duke Inc. would issue USD 60 million of new EUR denominated net debt in addition to its existing debt, what would the company's new FX equity exposure be? 1.42 O 0.78 0 1.94 01.79

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