Difference in dollars received that was caused by delay

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Reference no: EM131819746

A U.S. firm is expecting cash flows of 60 million Mexican pesos and 75 million Indian rupees. The current spot exchange rates are $1 = 11.744 pesos and $1 = 45.215 rupees. Assume these cash flows are not received for one year and the expected spot rates at that time will be $1 = 11.140 pesos and $1 = 44.086 rupees.

What is the difference in dollars received that was caused by the delay? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.)

The firm would get $______million (Click to select) more/less in one year.

Reference no: EM131819746

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