Intro Swinton Machinery is a U.S. industrial company that expects to receive 10 million Swiss francs in one year, but will also have to buy raw materials worth $9 million in one year. The current exchange rate is $1.02 per Swiss franc. The company can purchase raw materials from Germany, Hong Kong, Mexico or the U.S... The dollar costs of all alternatives are currently very similar. Hong Kong has a fixed exchange rate with the U.S., but has a low correlation with the Swiss franc. Mexico's peso is highly correlated with the dollar, but uncorrelated with the euro and the Swiss franc. The euro, the currency of Germany, is highly correlated with the Swiss franc, but only mildly correlated with the peso and the dollar. Part 1 Attempt 1/5 for 10 pts. What should the company do to minimize its economic exposure? Purchase materials from Mexico Purchase materials from Britain Purchase materials from Germany Purchase materials in the U.S