PAG India Procter and Gamble's affiliate in India, P&G India, procures much of its tres product line from a Japanese company Because of the shortage of working capital in India, payment terms by Indian importers are typically 180 days or longer. P&O India wishes to hedge an 8.2 million Japanese yen payabile. Although options are not available on the Indian Rupee (Rs) forward rates are available against the yer Additionally, a common practice in India is for companies like PAG India to work with a currency agent who will in this case, lock in the current spot exchange rate in exchange for a 5.25% fee. Using the exchange rate and interest rate data in the popup window, m .compare almal ways below that PNG India might deal with its foreign exchange exposure. Assume a 360-day financial year, sumed to be V2 4830WRS? V2.4045/RS2 V2.6169/Rs? a. How much in Indian rupees will P&G India pay in 180 days without a hedge if the expected spot rate in 100 days b. How much in Indian rupees Will P&G India pay in 180 days with a forward market hedge? c. How much in Indian rupees will P&G India pay in 180 days with a money market hedgo? d. How much in Indian rupees will PSG India pay in 180 days with a currency agent hedge? .. What do you remend? Data Table Spot rate 2.48306/Rs 180-day forward rate 2.4045/Rs Expected spot, 180 days 2.6169/Rs 180-day Indian rupee investing rate 8.29% 180-day Japanese yen investing rate 3.42% Currency agent's exchange rate fee 5.25% P&G India's cost of capital 12.37% Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet