Transaction exposure. International Products, Inc. has ordered $16,000$ leather coats from Argentina for delivery in $12$ months. The contracted cost of a coat is $134$ pesos. International Products will pay for the coats upon delivery. The

current indirect exchange rate is $$1$ for $1\mathrm{.}3759$ pesos. The anticipated inflation rate is $3\mathrm{.}2\%$ in the United States and $6\mathrm{.}8\%$ in Argentina. In U$.$S$.$ dollars, how much will the $16,000$ leather coats cost International Products at delivery?

In U$.$S$.$ dollars, how much will the $16,000$ leather coats cost International Products at delivery?

$($Round to the nearest cent.$)$