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If inflation in the U.S. is projected at 5% annually for the next 5 years and at 12% annually in Italy for the same time

If inflation in the U.S. is projected at 5% annually for the next 5 years and at 12% annually in Italy for the same time period, and the lira/$ spot rate is currently at L2400 = $1, then the PPP (purchasing power parity) estimate of the spot rate five years from now is?

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