Intro Apple sells iPhone in many countries, including India. The company expects to receive 136,000,000 Indian rupees (INR) from its exports in one year. The spot rate is $0.0113 per rupee and the one-year forward rate is $0.0122 per rupee. The U.S. interest rate is 3% and the Indian interest rate is 11%. Part 1 Attempt 1/2 for 5 pts. What amount of rupees should the company borrow now to create a money market hedge for the receivables (in INR)? Attempt 1/2 for 5 pts. What is the dollar value of the rupees received now (in $ )? Part 3 Attempt 1/2 for 5 pts. What is the value of the receivables in one year with a money market hedge (in $ )