Apple Inc. is a U.S.-based company, that designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchos, and tvOS operating systems. On August 30, Apple sold inventory to Yara International, a Norwegian company. The inventory was priced at NOK 46.65 million and due in 180 days. Apple's multinational finance team collected the following currency and market quotes. Apple forecasts the Norwegian Krone (NOK) will be at about $0.1125/NOK in 180 days. Current spot rate ($/NOK) $0.1095 180-day forward rate ($/NOK) $0.1105 Apple's WACC 4.500% 180-day dollar interest rate 2.000% 180-day krone interest rate 1.250% 180-day dollar borrowing rate 4.000% 180-day krone borrowing rate 3.000% How should Apple hedge its foreign currency transaction exposure? O Apple should use a money market hedge investing in krone Apple should use select a money market hedge investing in dollars O Apple should do nothing Apple should use a forward hedge Apple should use a money market hedge investing in its operations