Problem 18-10 Hampshire Motors Ltd., a British manufacturing company, wants to buy a production machine that isn't available in England. Comparable products are made by an American company and a French firm. The Americans have quoted Hampshire a price of $175000, while the French want 194000. How much is each price in British pounds? Calculate a cross rate to state the French quote in pounds. Use the exchange rates from the table below. pound/euro Cross rate (to four decimal places): The American quote (to the nearest whole): The French quote (to the nearest whole): Pounds Pounds TABLE 18-1 Exchange Rates-Wednesday, May 6, 2015, 20:37 UTC 6 Direct Quote ($ per unit (5 Indirect Quote (foreign of foreign currency) currency units per $) Argentina (peso) ) .1121 8.9242 Australia (dollar) .7966 1.2553 Brazil (real) .3293 3.0367 Canada (dollar) .8308 1.2037 Denmark (krone) .1520 6.5810 Europe (euro) 1.1345 .8814 Israel (shekel) ) .2598 3.8495 Japan (yen) .0084 119.44 China (yuan) .1613 6.2008 Mexico (peso) .0651 15.3617 U.K. (British pound) 1.5246 .6559 Cengage Leaming Source srates.com