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The S 90 cameras of Cannon of Japan are produced in China. Some of the components are imported from Hong Kong and some are sourced

The S 90 cameras of Cannon of Japan are produced in China. Some of the components are imported from Hong Kong and some are sourced locally from China where it is assembled. These cameras are sold in the US.- In 2020, production costs per unit in China were as follows: Local components and other local costs Yuan 400 Cost of imported components from Hong Kong Yuan 500- Sales price in the U.S. US$150Costs were based on the following fx rates in 2020: Yuan 8.28/US$HK$ 7.80/US$Let us assume that in 2021 the Yuan appreciated 20% against the dollar. The Hong Kong Dollar remained pegged to the U.S. dollar. A)What are the production costs of the camera in China in 2021,expressed in Yuan? b. If sales price is kept at US$ 150 in the U.S., what will be the per unitgross profit in the U.S. in 2021 in US Dollars? Compare this to the grossprofit in 2020

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