Account Payable in Turkish Lira (TL). Your recent import from Turkey has resulted in a three-month account payable in the amount of TL14.5 million. You would like to examine a few hedging strategies. The following information is available. Your borrowing and investment rates in each country are at the same rates. Spot rate TL1.49/$ Three-month forward rate-TL1.62/$ U.S. interest rate-3.0 percent per year (or 3.0/4 % per 3 months) Turkish interest rate-8.4 percent per year (or 8.4/4 % per 3 months) WACC of your company-12.0 percent per year (or 12.0/4 % per 3 months) Cost of an option on TL at the strike price of TL1.54/$ 2.0 percent m Please answer the following question regarding the above case. All answers are in millions. If you choose not to do anything, the outcome will be: