Question 2 (10 marks) XYZ Company imports Harley Davidson motorcycles from the US. It has ordered 10 motorcycles at a price of US$20,000 each, to be delivered in 6 months' time. Payment has to be made immediately upon receipt of the goods. Mark, the treasurer of XYZ Company went to the bank and obtained the following quotes: Spot SGD/USD 6 month forward SGD/USD Bid 1.3305 1.3216 Ask 1.3355 1.3284 The bank pays 1% for a 6-month SGD deposit and 2% for a 6-month USD deposit. Assume the bank lends at the same rates for loans in SGD or USD. Describe the least cost way for XYZ company to pay Harley Davidson. What is the amount (to 2 decimal places) in SGD needed today? (10 marks)