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Jetta production cost in 2002 and 2003 was 8,500 Euro per Jetta

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Jetta production cost in 2002 and 2003 was 8,500 Euro per Jetta. Jettas were sold in _ US at $12,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. The market exchange rate was 1.83 SS/Ebro (i.e. rate without hedge) in,2003. 1,500 Jetta were sold in US. in 2003, by 40% forward hedge and 60% not hedged • What would be profits or loss from sales of 1,500 Jetta in US? 
€1281946 - €351639 r €361259 € 1291661 
 

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