Each of the following U.S. firms is expected to generate $50 million in net cast flows (after including the eitimated cash flows from international sales if there are any) over the next year. Ionore any tax effects. Each firm has the same lovel of expected earnings: None or the firms has taken any position in exchange rate derivatives to hedpe exchange rate risk. All payments for the international trade by each firm will occur one year from today. Sunise Co. has ordered imports from Austria, and its imports are invoiced in euroos. The dollar yalue of the payables (based on today's exchange rate) from its imports during this year is $7 miltion. It has no intemationat sales. copans Co, has ordered imports from Mexico, and its imports are invoiced in pesos. The dollar value of thet payables (based on today's exchange rate) from its imports during this year is $12 million. It has no international sales. Yamato co. ordered imports from Italy, and its imports are invoiced in curos. The dollar value of the payibles (baped on todav's exchange rate) from its imports during this year is $14 miltion. In addition, Yamato exports to portugal, and its exports are denominated in curos. The dollar value of the recelvables (based on todar's exchange rate) from its exports durino this reat is 55 mition. Glades Co. ordered imports from felgum, and these imports are invoiced in euros. The dollar value of the payables (based on today's exchanoe rate) dollar value of these payables is $20 milion. Glades has no intemational fales 1,000,000. Round your answers to the nearest whole number. Which firm is exposed to the most exchanoe rate risk? is exposed to the most exchange rate n s k