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Management of Ivanhoe, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources. Kyoto, Inc., quotes a price of

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Management of Ivanhoe, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources. Kyoto, Inc., quotes a price of $6,400 per gigabyte. The current exchange rate is $101.30/$. Another Japanese manufacturer offers to supply the same flash memory at a price of 56.90 per gigabyte. The spot rate available is $192.47/. (Round answers to 2 decimal places, e.g. 15.25.) Which is the cheaper source of flash memory for Ivanhoe? has the cheaper source of flash memory forlvanhoe

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