Intro Bright Lights is a U.S. company with a subsidiary in Mexico. The company expects net income (earnings) of 55 million pesos in Mexico next year. To reduce its translation exposure, the company sells 55 million peso one year forward at a forward rate of $0.045 per peso. The current spot rate is $0.045 per peso. Part 1 - Attempt 1/10 for 10 pts. If the peso depreciates over the course of the year such that the weighted average exchange rate is only $0.043 per peso, what is the translation loss (in $ million, absolute value)? 3+ decima Submit