request the treasurer for peace per and work wishes to use financial features to heat your interest rate exposure. She will sell five treasury futures contracts at $106,000 per contract. It is July and the contract must be closed out in December of this year long-term interest rates are currently 13.30%, if they increase to 14.50% assume the value of the contract will go down by 15% also if interest rate dude increase by 1.2%, assume the firm will have additional interest expense on this business loans and other commitments of $89,000, this expense, of course, will be separate from the future contracts , what percent of this $89,000. after considering the hedging, what is the net cost to the firm of the increased interest expense of $89,000