Suppose an American investor is given the current exchange rates in the following table. The listed quotations are quotations stated in American terms.

	Exchange Rate
British pound ()	$1.8790 / pound
Euro ( )	$1.3780 / euro
Australian dollar (AU$)	$0.8970 / Australian dollar

Given these rates, an Australian dollar can purchase__________________ British pounds.

Black Sheep Broadcasting Company is a U.S.-based firm that produces stereos in Germany at a cost of 115 (including production and transportation costs) and sells them in England for 92. Based on the exchange rate table given in the preceding question, what is Black Sheep Broadcasting Companys dollar profit for each unit sold?

a. $14.40

b. $13.68

c. $12.96

d. $16.56