Suppose that currently U.S money supply, real GDP, and interest rate are $12 trillion, $18

trillion, and 5% respectively. Assume that EU's money supply, real GDP, and interest rate are 8 trillion, 10 trillion and 4% respectively. Assume that the exchange rate income elasticities are the same for both currencies and its equal to 0.6, and exchange rate interest rates are also the same and is equal to 0.8. Given this information calculate the dollar value of euro, i.e., what is S($/)