Describe in words the hedging strategy that the company should take in each of these cases. Remember that a possible answer is that the company should not be hedging at all. a) A Japanese manufacturer would like to hedge currency risk since the Japanese manufacturer has significant costs in Euros. b) A US company expects to receive a one-time payment of 500 million Brazilian Reais in about 6 months, and would like to hedge against the risk that exchange rates may change during this period. c) A CFO from a multinational company believes that the US dollar is too strong and would like to reduce the company's exposure to the US dollar. d) A CFO from a start up company is concerned that the FED will increase interest rates, affecting the cost of equity for the company in the next year.