a. A US corporation has a 500,000 account payable due to an affiliated Irish company in 90 days. The spot exchange rate for the euro is EUR/USD 1.1194.The company's combined federal and state US corporate income tax rate is 27.3%; the Irish corporate income tax rate is 12.5%.The company expects the exchange rate for the euro to increase to 1.1284 prior to the account's due date. When should the company make the payment?Explain.

b. When should the company make the payment if the payee were not affiliated? Explain