Consider Hurd Co., a U.S.-based MNC with a subsidiary in Mexico that deals in Mexican pesos (MXP). The subsidiary requires MXP200,000,000 to finance its operations over the next three years. Assume the current spot rate of the peso is $0.10, wh means financing needs amount to $0.10MXP200,000,000=20,000,000 in U.S. dollars. Hurd and the subsidiary are considering two choices: 1. A loan of MXP200,000,000 with a rate of 12.00%. The subsidiary would pay interest payments for each of the three years, and then also pay the principal balance in the third year as well. 2. A loan of $20,000,000 with a rate of 7.00%. The subsidiary would pay interest payments for each of the three years and the pay the principal balance in the third year as well. The subsidiary could convert these dollars to pesos at the spot rate of $0.10. Suppose that Hurd has projected the exchange rate for each of the next three years (as shown in the table). Complete the fourth row of the table, filling in the number of pesos needed to make the dollar payments each year (assuming the dollar loan is taken). Note: The values have been rounded to the nearest cent. Choose the value that most closely matches the peso amount. Consider Hurd Co., a U.S.-based MNC with a subsidiary in Mexico that deals in Mexican pesos (MXP). The subsidiary requires MXP200,000,000 to finance its operations over the next three years. Assume the current spot rate of the peso is $0.10, wh means financing needs amount to $0.10MXP200,000,000=20,000,000 in U.S. dollars. Hurd and the subsidiary are considering two choices: 1. A loan of MXP200,000,000 with a rate of 12.00%. The subsidiary would pay interest payments for each of the three years, and then also pay the principal balance in the third year as well. 2. A loan of $20,000,000 with a rate of 7.00%. The subsidiary would pay interest payments for each of the three years and then also pay the principal balance in the third year as well. The subsidiary could convert these dollars to pesos at the spot rate of $0.10. Suppose that Hurd has projected the exchange rate for each of the next three years (as shown in the table). Complete the fourth row of the table, filling in the number of pesos needed to make the dollar payments each year (assuming the dollar loan is taken). Consider Hurd Co., a U.S.-based MNC with a subsidiary in Mexico that deals in Mexican pesos (MXP). The subsidiary requires MXP200,000,000 to finance its operations over the next three years. Assume the current spot rate of the peso is $0.10, whi means financing needs amount to $0.10MXP200,000,000=20,000,000 in U.S. dollars. Hurd and the subsidiary are considering two choices: 1. A loan of MXP200,000,000 with a rate of 12.00%. The subsidiary would pay interest payments for each of the three years, and then also pay the principal balance in the third year as well. 2. A loan of $20,000,000 with a rate of 7.00%. The subsidiary would pay interest payments for each of the three years and then also pay the principal balance in the third year as well. The subsidiary could convert these dollars to pesos at the spot rate of $0.10. Suppose that Hurd has projected the exchange rate for each of the next three years (as shown in the table). Complete the fourth row of the table, filling in the number of pesos needed to make the dollar payments each year (assuming the dollar loan is taken). Note: The values have been rounded to the nearest cent. Choose the value that most closelv matches the peso amount. Consider Hurd Co., a U.S.-based MNC with a subsidiary in Mexico that deals in Mexican pesos (MXP). The subsidiary requires MXP200,000,000 to finance its operations over the next three years. Assume the current spot rate of the peso is $0.10, whi means financing needs amount to $0.10MXP200,000,000=20,000,000 in U.S. dollars. Hurd and the subsidiary are considering two choices: 1. A loan of MXP200,000,000 with a rate of 12.00%. The subsidiary would pay interest payments for each of the three years, and then also pay the principal balance in the third year as well. 2. A loan of $20,000,000 with a rate of 7.00%. The subsidiary would pay interest payments for each of the three years and then also pay the principal balance in the third year as well. The subsidiary could convert these dollars to pesos at the spot rate of $0.10. Suppose that Hurd has projected the exchange rate for each of the next three years (as shown in the table). Complete the fourth row of the table, filling in the number of pesos needed to make the dollar payments each year (assuming the dollar loan is taken). Note: The values have been rounded to the nearest cent. Choose the value that most closely matches the peso amount