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Exxon Oil Corp is negotiating purchase of 1 million barrels of oil from a bankrupt competitor to be delivered and pad for in exactly 1

Exxon Oil Corp is negotiating purchase of 1 million barrels of oil from a bankrupt competitor to be delivered and pad for in exactly 1 year. The oil exporter waits (he contract expressed in Mexican Pesos, and the current in USO Peso exchange rate is S 0.070 The contract is signed at a price of 1420 Pesos per barrel How many US Dollars will Exxon be worse off if at the time of oil delivery the *in USD" Peso exchange ra(e changes to $ 0.075? Round your answer rounded to the closest SUSD

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