A Germany company exports goods to the USA and invoices its customer for US$ $1,522,800$ payable in April. It is now February. In the foreign exchange market, the following quotations are made Spot US$$/$Euro $1\mathrm{.}4070-1\mathrm{.}4090$ April forward $1\mathrm{.}40301\mathrm{.}4150$ June Euro futures contracts are priced at USS $1\mathrm{.}4100.($One Euro Futures contract represents Euro $108,000)$ Required: Set up the hedge position and calculate the hedge efficiency if in April the USS$/$Euro spot rate is US$ $1\mathrm{.}4150-1\mathrm{.}4170$ and the June Euro futures are priced at US$ $1\mathrm{.}4150.$