Kelly \& Murphy, Inc., wishes to raise \(\$ 4,000,000\) in U.S. dollars with debt financing. The funds, needed to augment working capital, will be repaid with interest in one year. Ms. Kelly, the Treasurce of Kelly \& Murphy, is considering three alternatives:

a. Borrow U.S. dollars from Wells Fargo Bank at 7\%

b. Borrow British pounds from National Westminster at \(12 \%\)

c. Borrow Japanese yen from Tokomori Credit Bank at \(4 \%\)