1Your company does business in many countries with the result that you have contracts payable in multiple currencies. The company has a debt service payment due tomorrow morning, in Chinese Yuan [), of75EL The company currently has $100 available for the payment. Failure to pay all ofwhat is owed will result in ailure ofthe company. The xed exchange rate of for $ is 6.5 (e I$ = 6.5). It is your responsibility to use the FOREX markets available to your company to keep the company from failing. Your access is somewhat limited, in that you can access only three markets: New York City (NYC), London and Singapore. You only have 2 times to trade currency andyou must do all the transactions ina single time period morning and evening. The relevant exchange rates are given below. As given in the tables below, 631% = 1.5 means that for each you sell you receive 1.5 $_ NYC 3% 1-50 a. (10 marks} Discuss in detail the transactions you make to keep the rm from faih'ng. These responses MUST include correct calculations. 1:. (6 marks) Discuss in detail the consequences of these transactions for all cmrencies involved