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Please, manually compute the following: Assume that ABC OY needs 3 million for three years. It is considering three options 1- Borrow Euros at an

Please, manually compute the following:

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Assume that ABC OY needs 3 million for three years. It is considering three options 1- Borrow Euros at an interest rate of 4% per year 2- Borrow Japanese Yen at an interest rate of 3% per year 3- Borrow Canadian Dollar at an interest rate of 4.5% per year Forex analysis expect that Japanese Yen will appreciate by 1% per year and Canadian dollar will depreciate by 1% per years over the next three years. What is the expected effective financing rate of each of the options? Which one ABC should select assuming there is no transaction cost involved? Assume that ABC OY needs 3 million for three years. It is considering three options 1- Borrow Euros at an interest rate of 4% per year 2- Borrow Japanese Yen at an interest rate of 3% per year 3- Borrow Canadian Dollar at an interest rate of 4.5% per year Forex analysis expect that Japanese Yen will appreciate by 1% per year and Canadian dollar will depreciate by 1% per years over the next three years. What is the expected effective financing rate of each of the options? Which one ABC should select assuming there is no transaction cost involved

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