SCENARIO AND DATA: In August of 2020, the National Highway Traffic Safety Administration (NHTSA) proposed freezing requirements for new cars and trucks at least through 2026. If approved, the industry-wide standard would be an average fuel economy of 37 miles per gallon (as opposed to the Obama-era rule adopted in 2012 that called for an average of 46.7 by 2026). But even with this new lower standard, how many of the cars currently on the market actually meet or exceed this proposed threshold

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?