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Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4874 per Singapore dollar. You have just placed an order for 43,426 motherboards

Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.4874 per Singapore dollar. You have just placed an order for 43,426 motherboards at a cost to you of S148 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $112 each. What is the break-even exchange rate?

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