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Jaguar has total manufacturing costs for its S-type sedan of 22,803. They sell the S-type in the UK at a 20% markup for a price

Jaguar has total manufacturing costs for its S-type sedan of £22,803. They sell the S-type in the UK at a 20% markup for a price of £27,363. Today these cars are available in the US for $55,000, which is the UK price multiplied by the current exchange rate of $2.01/£. Jaguar has committed to keeping the US price at $55,000 for the next six months. If the pound sterling appreciates against the USD at an exchange rate of $2.15/£ and Jaguar has not hedged against currency changes, how much will the company receive in pounds at the new exchange rate?

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