Boeingjust signed a contract to sell a Boeing 1'37 aircraft to Air France. Air France will be billed 10.20 million payable in one year. The current spot exchange rate is 551.05%: and the oneyear forward rate is $1.10f. The annual interest rate is 6 percent in the United States and 5 percent in France. Boeing is concerned with the volatile exchange rate between the dollar and the euro and would like to hedge exchange exposure. a. It is considering two hedging atternatives: sell the euro proceeds from the sale forward or borrow euros from Credit Lyonnaise against the euro receivable. Which alternative would you recommend? FonNard hedge Money market hedge Recommend allem atlve b. Other things being equal, at what forward exchange rate would Boeing be indifferent between the two hedging methods? [Do not round intermediate calculations. Round your answer to 2 decimal places.) Forward exchange rale [