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The new exchange rate after depreciation would be:
R1 = $7,09
Depreciation = 10.5%
New exchange rate = R1 * (1 + Depreciation)
= 7.09 * (1 + 0.105)
= 7.09 * 1.105
= 7.83945
Therefore, the new exchange rate after depreciation will be R1 = $7.83945.