Pupule$$ Travel, a$$ Honolulu, Hawaii$-$based$100\%$ privately owned travel$$ company, has signed an agreement to acquire a$50\%$ ownership share of Taichung$$ Travel, a$$ Taiwan$-$based privately owned travel agency specializing in servicing inbound customers from the United States and Canada. The acquisition price is $7$ million Taiwan dollars$($NT$$)$ payable in cash in three months. Thomas$$ Carson, Pupule$$ Travel's owner, believes the Taiwan dollar will either remain stable or decline slightly over the next three months. At the present spot rate of$$NT$ $33\mathrm{.}40/$$$,$ the amount of cash required is only $$ $$200,000,$ but even this relatively modest amount will need to be borrowed personally by Thomas Carson. Taiwanese$$ interest$-$bearing deposits by$$ non$-$residents are regulated by the$$ government, and are currently set at $1\mathrm{.}5000\%$ per year. He has a credit line with Bank of Hawaii for$$ $$200,000$ with a current borrowing interest rate of $8\%$ per year. He does not believe that he can calculate a credible weighted average cost of capital since he has no stock outstanding and his competitors are all also privately held. Since the acquisition would use up all his available$$ credit, he wonders if he should hedge this transaction exposure. He has the following quotes from the Bank of$$ Hawaii: