Suppose that the treasurer of 18M has an extra cash reserve of $100,000,000 to invest for six months. The six-month interest rate is 9 percent per annum in the United States and 8 percent per annum in Germany. Currently, the spot exchange rate is 61.07 per dollar and the six -month forward exchange rate is 61.05 per dollar. The treasurer of IBM does not wish to bear any exchange risk. Where should they invest to maximize the retum? Required: a. The maturity value in six months if the extra cash reserve is invested in the U.S: Note: Do not round intermediate calculations. b. The maturity value in sbc months if the extra cash reserve is invested in Germany: Note: Do not round intermediate calculations. Round off the final answer to nearest whole dollar. c. Where should they invest to maximize the return