The Pecan Co is a very large pecan form in the United States that uses USD as their reporting currency. The company exported 2.000.000 yuan (CNY) worth of pecans to China today under the agreement that the Chine form will pay in Full in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decid to match currency cash flows by borrowing at 4% per year. The current exchange rate is 707CNYUSD. Assume that there are 360 days in a year. How much should The Pecan C row in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places Aria T- The Pecan Co is a very large pecan farm in the United States that uses USD as their reporting currency. The company exported 2,000,000 yuan (CNY) worth of pecans to China today under the agreement that the Chinese firm will pay in ull in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decided to match currency cash flows by borrowing at 4% per year. The current exchange rate is 707CNY/USD. Assume that there are 360 days in a year. How much should The Pecan Co borrow in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places. . Aria 3 (12pt T-E- E. The Pecan Co is a very large pecan form in the United States that uses USD as their reporting currency. The company exported 2.000.000 yuan (CNY) worth of pecans to China today under the agreement that the Chine form will pay in Full in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decid to match currency cash flows by borrowing at 4% per year. The current exchange rate is 707CNYUSD. Assume that there are 360 days in a year. How much should The Pecan C row in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places Aria T- The Pecan Co is a very large pecan farm in the United States that uses USD as their reporting currency. The company exported 2,000,000 yuan (CNY) worth of pecans to China today under the agreement that the Chinese firm will pay in ull in 90 days. The Pecan Co is worried about unfavorable exchange rate changes of the yuan and dollar between now and the time they get paid. The firm has decided to match currency cash flows by borrowing at 4% per year. The current exchange rate is 707CNY/USD. Assume that there are 360 days in a year. How much should The Pecan Co borrow in yuan? What is the cost of this loan in dollars? Show all work. Round your answer to two decimal places. . Aria 3 (12pt T-E- E
