4. Intel Corporation has Euros 100 million payables that need to be paid in 90-days. The current spot exchange rate is $1.1605/Euro. The 90-day forward rate is $1.1821/Euro. If Intel wants to hedge its payables in Euro 100 million, suggest a suitable hedging strategy using the forward contract and compute the total cost with the forward rate? If 90-days later the spot rate turned out to be $1.2525/Euro, compute any advantage/disadvantage to hedging using the forward contract