Flint corp recently purchased auto parts worth 175 million, Financial Management

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Flint corp recently purchased auto parts worth 175 million

Flint Corp. recently purchased auto parts worth 17.5 million Mexican pesos (MP). Management needs to find out the U.S. dollar cost of the payables. It has access to two quotes for Canadian dollars (C$): C$1.3174/$ and C$0.1271/MP. What will it cost Flint to purchase 17.5 million Mexican pesos?

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Financial Management: Flint corp recently purchased auto parts worth 175 million

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Financial Management: Flint corp recently purchased auto parts worth 175 million

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