Transaction exposure. International Products, Inc. has ordered 16,000 leather coats from Argentina for delivery in 12 months. The contracted cost a coat is 112 pesos. International Products will pay for the coats upon delivery. The current indirect exchange rate is $1 for 1.2534 pesos. The anticipated inflation rate is 4.1% in the United States and 7.4% 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.)