Micca Metals, Inc. Micca Metals, Inc is a specialty materials and metals company located in Detroit, Michigan. The company specializes in specific precious metals and materials that are used in a variety of pigment applications in many Industries including cosmetics, appliances, and a variety of high tinsel metal fabricating equipment, Micca just purchased a shipment of phosphates from Morocco for 6,500,000 dirhams, payable in six months Sbmorth call options on 6.500,000 dirhams at an exercise price of 11.40 dirhams por dollar are available from Bank Al-Maghrub at a premium of 1.7%. S-month put options on 6,500,000 dinamis at an enthase price of 11.40 ditamo pet dolor are available at a premium of 3.3% Using the exchange rate and interest rate data in the popup window..compare alternate ways below that Micca might hedge its foreign exchange transaction exposure 2. How much in us deitars wil Micca pay in 6 months without a hedge if the wpected spot rate in 6 months as assumed to be 11 40 dirhams per dollar? 11 80 dirham per dollar? c. How much in US dollars wil Micca pay in 6 months with a money market hodgo? d. How much in US dollars will Micca pay in 6 months with an option hedge if the expected spot rate in 6 months is assumed to be less than 11 40 dirhams per dollar? . What is your recommendation? . How much in US dollars will Micaa pay in 6 months without a hedge if the expected spot rate in 6 months is assumed to be 11.40 dhams per dollar? Round to the nearest cont) Assumptions Values e Shipment of phosphates from Morocco, Moroccan dirhams 6,500,000 Micca's cost of capital (WACC) 15.00% Spot exchange rate, dirhams/$ 11.40 6-month forward rate, dirhams/$ 11.80 6-month interest rate for borrowing, Morocco (per annum) 9.50% 6-month interest rate for investing, Morocco (per annum) 8.50% 6-month interest rate for borrowing, U.S. (per annum) 7.50% 6-month interest rate for investing. U.S. (per annum) 6.50% Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet