Today's spot rate of the Mexican peso is $.12. Assume that purchasing power parity holds. The U.S. inflation rate over this year is expected to be 8%, whereas Mexican inflation over this year is expected to be 2%. Miami Co. plans to import products from Mexico and will need 10 million Mexican pesos in one year. Based on this information, the expected amount of dollars to be paid by Miami Co. for the pesos in one year is: $1,378,893.20$2,478,192,46$1,894,350,33$2,170,858,42$1,270,588.24