Suppose the U.S. price level is $115/consumption bundle and that the Brazilian price level is BRL575/consumption bundle. Suppose also that the exchange rate is BRL5.2800/$. Which of the following statements should be correct. The external purchasing power of $1 is 0.0092 consumption bundle and the dollar is undervalued. The external purchasing power of $1 is 0.0092 consumption bundle and the dollar is overvalued. The external purchasing power of $1 is 0.0017 consumption bundle and the dollar is undervalued. The external purchasing power of $1 is 0.0087 consumption bundle and the dollar is undervalued. The external purchasing power of $1 is 0.0087 consumption bundle and the dollar is overvalued