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Steve Harris, CFO of Alston Concrete Products, is currently evaluating the purchase of an innovative machine that tests the strength of concrete. The machine is

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Steve Harris, CFO of Alston Concrete Products, is currently evaluating the purchase of an innovative machine that tests the strength of concrete. The machine is wold onlie in England, and Alston has a price quote at E52500 from the manufacturer that's good for 60 days. Steve has read that the British pound is expected to strengthen against the dollar by 11% during the next two months. Currently the pound is worth $1.88 U.S. doliars. If Steve believes the currency forecast is accurate, should Alston buy the machine now or wat until fust betore the price quote expies? How much difference might the decision make in dollars? Round your answer to the nearest dollar. 5 Foedosck * Check My Work. Partially correct

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