Spot Foreign Exchange Rates (Direct Quotes) Source: The Wall Street Journal (february 26, 2013 and November 19, 2015). Valley Stores, a U.S. department store chain, annually negotiates a contract with Alpine Watch Company, located in Switzerland, to purchase a large shipment of watches. On February 25, 2013, Valley purchased 9,000 watches for a total of 1.02 million Swiss francs. Refer to Table 2.1 and determine the following: a. The total cost and cost per watch in U.S. dollars. Do not round intermediate calculations. Round the cost per watch to the nearest cent and the total cost to the nearest dollar. Cost per watch: $ Total cost: $ b. The total cost and cost per watch in U.S. dollars of 11,000 watches purchased on November 18, 2015, assuming that Alpines francs) remains unchanged. Do not round intermediate calculations. Round the cost per watch to the nearest cent and the total cost the neare Cost per watch: $ Total cost: \$