Please use the computer to enter your answer so that I can see it clearly.

Ben Company, has net receivables of 345,000 Singapore dollars in 90 days. The spot rate of the S$ is $0.50, and the Singapore and US interest rates are 4% and 6% per annum respectively. Assume that 360 days in a year.

(a) Suggest how Ben Company could implement a money market hedge. (Show ALL workings and correct to the nearest dollars.)

(b) Estimate the expected spot rate of the Singapore dollars in six months.