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Samson Inc. is a specialty firm in the beverage sector. They are considering the import of equipment that costs 135000 Rands and that performs the
Samson Inc. is a specialty firm in the beverage sector. They are considering the import of equipment that costs 135000 Rands and that performs the same as a domestic model that costs $90500. What would the exchange rate have to be, expressed as a dollar cost per Rand, in order to make the alternatives have equal cost? 1 Rand = $ Place your answer using four decimal places if possible. For example, an answer of 0.7657 is appropriate.
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