Purchasing Power Parity Theorem (PPPT). The inflation rate in the United States is projected at 3 percent per year. The New Zealand rate is projected to be 5 percent. The exchange rate is currently...

Purchasing Power Parity Theorem (PPPT). The inflation rate in the United States is projected at 3 percent per year. The New Zealand rate is projected to be 5 percent. The exchange rate is currently NZ$1.66. Based on PPP, what is the expected exchange rate in two years?