Grupo Modelo S.A.B. de C.V. Grupo Modelo. a brewery out of Mexico that exports such well-known varieties as Corona, Modelo. and Pacifico, is Mexican by incorporation. However, the company evaluates all business results, including financing costs, in U.S. dollars. The company needs to borrow S30.000.000 or the foreign currency equivalent for four years. For all issues, interest is payable once per year, at the end of the year. Available alternatives are as follows: a.Sell Japanese yen bonds at par yielding 3.50% per annum. The current exchange rate is 107.00/5, and the yen is expected to strengthen against the dollar by 2.3% per annum. What is the effective cost of the yen-denominated loan for Grupo Modelo? b.Sell euro-denominated bonds at par yielding 6.60% per annum. The current exchange rate is S1.1990/, and the euro is expected to weaken against the dollar by 2.3% per annum. What is the effective cost of the euro-denominated loan for Grupo Modelo? c.Sell U.S. dollar bonds at par yielding 5.10% per annum. What is the effective cost of the dollar-denominated loan for Grupo Modelo? d.Which course of action do you recommend Grupo Modelo take and why