The Big Mac Index Purchasing Power Parity: April 2001 McDonald's Implied PPP of the Dollar Actual Exchange Rate 17/04/01 United States Argentina Brazil Canada Euro France Hong Kong Japan Russia Switzerland Big Mac Prices Price in Local Price in Dollars Currency $2.54 2.54 2.50 1.64 2.14 2.86 2.49 1.37 2.38 1.21 3.65 0.98 1.42 1.31 0.99 7.28 4.21 116 13.8 2.48 1.00 2.19 1.56 0.88 7.44 7.80 124 28.9 1.73 According to the Big Mac Index above, what would be the price of Big Mac in local currency in France as of April 2001? [Please note that the actual exchange rates are given in the local currency per Dollar.] 2.87 O 6.3 O 0.98 O 18.5 Not enough information