Help Save & Exi -rp. (a U.S.-based company) sold parts to an Israeli customer on December 1, Year 1, with payment of 100,000 ekels to be received on March 31, Year 2. The following exchange rates apply: Date er 1, Year 1 er 31, Year 1 31, Year 2 Spot Rate $0.24 0.22 0.25 Forward Rate (to March 1, Year 2) $0.23 0.20 cremental borrowing rate is 12 percent. The present value factor for three months at an annual interest rate of (1 percent per month) is 0.9706. a forward contract to sell 100,000 Israeli shekels was entered into on December 1. Year 1. as a fair value hedg- 7 currency receivable, what would be the net impact on net income in Year 1 resulting from a fluctuation in the e shekel? rp. (a U.S.-based company) sold parts to an Israeli customer on December 1, Year 1, with payment of 100,000 ekels to be received on March 31, Year 2. The following exchange rates apply Date er 1, Year 1 er 31, Year 1 31, Year 2 Spot Rate $0.24 0.22 0.25 Forward Rate (to March 1, Year 2) $0.23 0.20 remental borrowing rate is 12 percent. The present value factor for three months at an annual interest rate o 1 percent per month) is 0.9706. forward contract to sell 100,000 Israeli shekels was entered into on December 1. Year 1, as a fair value hede currency receivable, what would be the net impact on net income in Year 1 resulting from a fluctuation in th shekel? Help Save & Exi -rp. (a U.S.-based company) sold parts to an Israeli customer on December 1, Year 1, with payment of 100,000 ekels to be received on March 31, Year 2. The following exchange rates apply: Date er 1, Year 1 er 31, Year 1 31, Year 2 Spot Rate $0.24 0.22 0.25 Forward Rate (to March 1, Year 2) $0.23 0.20 cremental borrowing rate is 12 percent. The present value factor for three months at an annual interest rate of (1 percent per month) is 0.9706. a forward contract to sell 100,000 Israeli shekels was entered into on December 1. Year 1. as a fair value hedg- 7 currency receivable, what would be the net impact on net income in Year 1 resulting from a fluctuation in the e shekel? rp. (a U.S.-based company) sold parts to an Israeli customer on December 1, Year 1, with payment of 100,000 ekels to be received on March 31, Year 2. The following exchange rates apply Date er 1, Year 1 er 31, Year 1 31, Year 2 Spot Rate $0.24 0.22 0.25 Forward Rate (to March 1, Year 2) $0.23 0.20 remental borrowing rate is 12 percent. The present value factor for three months at an annual interest rate o 1 percent per month) is 0.9706. forward contract to sell 100,000 Israeli shekels was entered into on December 1. Year 1, as a fair value hede currency receivable, what would be the net impact on net income in Year 1 resulting from a fluctuation in th shekel