Suppose that the interest rate on dollar accounts is equal to 2% (i$ = 0.02), the interest rate on Polish zloty accounts is equal to 4.5% (iz = 0.045), and the expected exchange rate between the dollar and the zloty one year from now is ee = 4 z/$. Assume that the (uncovered) interest parity holds.

Find the spot exchange rate, e. (Answer in z/$ and round to the nearest tenth.)