Given the following information:

Current rand spot exchange rate: $0.067

Expected annual US inflation: 8%

Expected annual South African inflation: 10%

Expected US one-year interest rate: 0.025%

expected South African one-year interest rate: 2%

Find:

a. Expected South African Rand spot rate in USD one year from now, using IFE.

b. Expected South African Rand spot rate in USD one year from now, using PPP

c. The South African Rand one-year forward rate in USD, using IRP.

Please show work