"Lear will make a payment of 100 M MXN (100 million Mexican pesos) on December 21, 2020 as part of a significant capital investment in one of its facilities in Ciudad Jurez, Mexico. Lear's currency of operation is the USD, therefore, Lear is concerned about the volatility of the dollar-peso exchange rate. You are helping construct a hedge today using futures on the Chicago Mercantile Exchange (CME) where a contract for 500,000 MXN trades. Assume today is in June 2020. Assume that the futures price today on the contract you selected above is Fo=0.0800 USD per 1 MXN. What is the payoff for the futures contracts for the optimal hedging strategy for the following spot rate scenarios on December 21, 2020? ("-"implies a cash outflow from Lear; "+" implies a cash inflow to Lear.) Spot USD per MXN 0.0900 0.0800 0.0700 Futures Payoff USD -1,000,000 0 +1,000,000 Spot USD per MXN 0.0900 0.0800 0.0700 Futures Payoff USD +1,000,000 0 -1,000,000 Spot USD per MXN 0.0900 0.0800 0.0700 Futures Payoff USD +9,000,000 +8,000,000 +7,000,000 Spot USD per MXN 0.0900 0.0800 0.0700 Futures Payoff USD +5,000,000 0 -5,000,000