Fogs Ce wheve home cuency is the dang to spent a tenutachtung Nity hree month one et spor sachange rate foreign country On opening the fact Fox Co will need temporary france monta The finance director of Fogtx Ces concamed about increasing rest Sm for a pedof bank has offered a3-97RAS 10-4.00 bomowing the required temporary trance The company's ale volatry and she is considering using a forward rate agreement (FRA) to reduce the interest Additionally, the finance director volatity by matching Fogtx Ce's future interest sensitive cash flows considering reducing the effect of interest ra in preparing cash flow forecasts for the manufacturing facility for the first two years of operation, the finance director of Foglix Co needs to forecast exchange rates She has gathered the following information on interest rates and inflation rates Year 1 36% per year 60% per year Year 2 3.8% per year 7.0% per year Dollar infation rates Rupee inflation rates Doilar interest rates Rupee interest rates 5.3% per year 6.1% per year 7.8% per year 6.1% per year 3349 Mense Using purchasing power party what is the expected spot exchange rate in two years time? 26.076 pees par 11