(a) A German company, Aer Services, is submitting a tender to build and operate a flight navigation system at the new Rio de Janeiro airport in Brazil. There is competition for the contract from the US, France and the UK. The successful buyer will be announced in three months and will receive an initial payment of Brazilian Real 60 million and the remainder of the payments will be made in euro at fixed dates thereafter. Examine the currency strategies that Aer Services could employ for this transaction, and the possible outcomes? (8 marks) (a) A German company, Aer Services, is submitting a tender to build and operate a flight navigation system at the new Rio de Janeiro airport in Brazil. There is competition for the contract from the US, France and the UK. The successful buyer will be announced in three months and will receive an initial payment of Brazilian Real 60 million and the remainder of the payments will be made in euro at fixed dates thereafter. Examine the currency strategies that Aer Services could employ for this transaction, and the possible outcomes? (8 marks)