P&G India.Procter and Gamble's affiliate in India,P&G India,procures much of its toiletries 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&G India wishes to hedge an8.5 million Japanese yen payable.Although options are not available on the Indian rupee(Rs),forward rates are available against the yen.Additionally,:a common practice in India is for companies like P&G India to work with a currencv agent who will,in this case,lock in the currentspot exchange rate in exchange for a 4.85%fee.Using the exchange rate and interest rate data in the popup window,IA,compare alternate ways below that P&G India might deal with its foreign exchange exposure.Assume a 360-day financial 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 be2.52565/Rs?2.4000/Rs?2.6000/Rs?b.How much in Indian rupees will P&G India