Suppose the current exchange rate of the Kenya shilling to the US Dollar is 0.0091 and in that it has been projected that in February 2021, the Kenya shilling will depreciate by 23 per cent. Using your knowledge on monetary economics, discuss (using relevant workings) how you would explain the net effect of this depreciation to a businessman who imports merchandise worth Ksh 1,000,000 and exports goods worth $ 380,000 on a monthly basis. [ 10 Marks]