Difference in dollars received that was caused by the delay

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Reference no: EM131819144

A U.S. firm is expecting cash flows of 95 million Mexican pesos and 105 million Indian rupees. The current spot exchange rates are $1 = 11.758 pesos and $1 = 45.222 rupees. Assume these cash flows are not received for one year and the expected spot rates at that time will be $1 = 11.154 pesos and $1 = 44.093 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.

Reference no: EM131819144

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