IF 2a Your Canadian company processes raw sugar for sale in the United States, and the firm has just received a container of raw material from the UK. You have an invoice that asks you to pay £20,000...

IF 2a

Your Canadian company processes raw sugar for sale in the United States, and the
firm has just received a container of raw material from the UK. You have an invoice
that asks you to pay £20,000 in 30 days. The current exchange rate is $1.75/£.

a. What would it cost you, in Canadian dollars, to pay the bill today?