Management of Sunland, Inc., an electronic games manufacturer, is planning to purchase flash memory from one of two sources. Kyoto, Inc., quotes a price of 6,800 per gigabyte. The current exchange rate is 102.40/$. Another Japanese manufacturer offers to supply the same flash memory at a price of 58.20 per gigabyte. The spot rate available is 215.04/.

Vendor 1: Vendor 2:

Cost from $ ______ per gigabyte $ _________ per gigabyte

Which is the cheaper source of flash memory for Sunland?

Vendor 1 or 2 has the cheaper memory?