Suppose the direct foreign exchange rates in U.S. dollars are

1 British pound	=	$	1.20
1 Canadian dollar	=	$	0.68

Required:

a.	What are the indirect exchange rates for the British pound and the Canadian dollar? (Round your answers to 4 decimal places.)

b.	How many pounds must a British company pay to purchase goods costing $8,000 from a U.S. company? (Do not round intermediate calculations.)

c.	How many U.S. dollars must be paid for a purchase costing 6,900 Canadian dollars? (Do not round intermediate calculations.)