Assume that Great Lake Corp. from the United States will receive 10 million in 180 days from its export order. It has collected the following information: 180-day U.S. interest rate = 6% per annum [Note: you have to convert this to a 180-day rate) 180-day British interest rate = 8% per annum 180-day forward rate of British pound = $1.39 Spot rate of British pound = $1.29 The 180-day call option on 10 million with a strike price of $1.30/ has a premium of $0.011 per pound. The 180-day put option on 10 million with a strike price of $1.41/ has a premium of $0.021 per pound. Great Lake is concerned with the volatile exchange rate between the dollar and the euro and would like to hedge exchange rate exposure. b) If Great Lake decides to hedge using money market instruments (MMH), what action does Great Lake need to take? (List all the steps needed). What would be the guaranteed dollar proceeds from the sale in this case