Assuming the Theory of Purchasing Power Parity Holds,if the Exchange

Assuming the theory of purchasing power parity holds,if the exchange rate between the United States and Europe is $1.33 per euro,then how much does a €35 bottle of French champagne cost in U.S.dollars?

A) $26.60
B) $46.55
C) $35.00
D) $3.80
E) $38.99