oisjoly Watch Imperts has agreed to purchase 12,000 Swiss watches for 1 million francs at today's spot rate. The firm's financlal marager, James Desreumaix, has noted he following current spot and forward rates: On the same day, Desreumaux agrees to purchase 12,000 more watches in 3 montns at the same price or 1 munon swas rranch. a. What is the cost of the watches in U.S. doliars, if purchased at today's spot rate? Write out your answer completely. For exampie, 5 milion should ben entered as 5,000.000. Round your answer to the nearest dollis. b. What is the cost in dobars of the second 12,000 batch if payment is made in 90 doys and the spot rate at that time equais today's 90 -day formard rate? Write out your answer completely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest dollat. 15 c. If the exchange rate is 0.45 swiss franes per dollar in 90 days, how much will Desreumaux have to pay (in dollars) for the watches? Write out your answer. comaletely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest dollar