In the Spot Market, $1 Is Currently Equal To $\le$ 55 the Expected Inflation Rate in the U

In the spot market, $1 is currently equal to $\le$ .55. The expected inflation rate in the U.K. is 2 % and in Canada 4 %. What is the expected exchange rate one year from now if relative purchasing power parity exists?

A) $\le$ .536
B) $\le$ .539
C) $\le$ .541
D) $\le$ .544
E) $\le$ .564