for my finance class

2. Foreign exchange rate quotations An exchange rate is the price of one country's currency expressed in another country's currency V * $ quotations stated in Suppose an American investor is given the current exchange rates in the following table. The listed quotations are American terms Suppose an American investor is given the current exchange rates in the following table. The listed quotations we American terms Quotations stated in British pound (0) Euro (6) Australian dollar (AUS) Exchange Rate $1.8970/pound $1.3780/euro $0.9240 / Australian dollar Given these rates, an Australian dollar can purchase British pounds. Black Sheep Broadcasting Company is a based fem that produces stereos in Germany at a cost of 115 (including production and transportation costs) and sells them in Enpland for 97. Based on the exchange rate table given in the preceding question, what is Black Sheep Broadcasting Company's dollar profit for each unit sold? O $25.54 $24.26 $28.09 $22.99