Text Co. export textiles to Europe. It expects to receive 800,000 euros in one year. Text does not hedge future transactions. Text believes in purchasing power purity (PPP). It expects inflation over the next year to be 2% in countries using the euro and 4% in the U.S. The current spot rate of the curo is $1.50, and the one-year forward rate is $1.50. A) Determine the expected spot rate of the euro in one year with respect to the U.S. dollar? Show your work. B) The current spot rate of the Hong Kong dollar is pegged at $.10, and it is believed that the peg will remain unchanged for the next year. If Text Co. prefers to convert its 800,000 euros into Hong Kong dollars at the end of one year. How much Hong Kong dollars will Text receive in one year for its curo receivables