4. (10 points) Paragon U.S.'s Japanese subsidiary, Paragon Japan, has exposed assets of V8 billion and exposed liabilities of Y6 billion. During the year, the yen appreciates from Y125/S to Y95/s a. What is Paragon Japan's net translation exposure at the beginning of the year in yen? irn dollars? b. What is Paragon Japan's translation gain or loss from the change in the yen's value? C. At the start of the next year, Paragon Japan adds exposed assets of1.5 billion and exposed liabilities of Y2 billion. During the year, the yen depreciates from Y95/S to Y130/S. What is Paragon Japan's translation gain or loss for this year? What is its total translation gain or loss for the two years