PAG India Procter and Gamble's afin India P&G India procures much of its tres product ine from a Japanese company. Because of the shortage of working capital in India. payment forms by Indian Importers are typically 180 days or longer. P&G India wishes to hedge an 8.7 million Japanese yen payatie. Although options are not available on the Indian Rupee (Rs forwardites are all against the yen Additionally, a common practice in India is for companies P&G India to work with a currency agent who will in this case. lock in the current spot exchange rate in exchange for a 5.14% feo Using the exchange rate and interest rate data in the popup window..compare alternate ways below that PG India might deal with its foreign exchange exposure Assunte 300-day fancial year a. How much in Indian rupees will P&G India pay in 180 days without a hedge if the expected spot rate in 180 days is assumed to be V2.51466/RS ? 23521/Rs? V2.5775/Rs? 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 hedge? d. How much in Indian rupees wil P&G India pay in 180 days with a currency agent hedge? o. What do you recommend? 1