The covered after tax lending and borrowing rates for three unit of a Multinational corporation located in the United States, Singapore and Hong Kong are : Lending (%) Borrowing (%) United States 4.9 5.0 Singapore 2.70 3.9 Hong Kong 2.75 3.3 Currently, the Singapore and Hong Kong units owe $25,00,000 and $35,00,000, respectively to their US parent. The Singapore unit also has $10,00,000 in receivables from is Hong Kong affiliate. The timing of these payment can be changed by up to 60 days in either direction. If US Parent is borrowing funds, while both the Singapore and hang Kong subsidiaries have surplus cash available, you are required to i. Determine the MNC's optional leading and lagging strategies ii. Calculate the net profit impact of these adjustments iii. Indicate the change in the MNC's optimal strategy, if the US parents has surplus cash available