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Thank you so much for the help! Transaction exposure. International Products, Inc. has ordered 20,000 leather coats from Argentina for delivery in 12 months. The

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Transaction exposure. International Products, Inc. has ordered 20,000 leather coats from Argentina for delivery in 12 months. The contracted cost of a coat is 146 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2055 pesos. The anticipated inflation rate is 2.5% in the United States and 8.4% in Argentina. In U.S. dollars, how much will the 20,000 leather coats cost International Products at delivery? In U.S. dollars, how much will the 20,000 leather coats cost International Products at delivery? \$ (Round to the nearest cent.)

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