Vix Co. (of the U.S.) presently serves as a distributor of products by purchasing them from other U.S. firms and selling them in Europe. It wants to purchase a manufacturer in Thailand that could produce similar products at a low cost (due to low labor costs in Thailand) and export the products to Europe. The operating expenses would be denominated in Thai currency (the baht). The products would be invoiced in euros. If Vix Co. can acquire a manufacturer, it will discontinue its existing distributor business. If Vix Co. purchases a company in Thailand, it expects that its revenue might not be sufficient to cover its operating expenses during the first 5 years. It will need to borrow funds for a 5 -year term to ensure that it has enough funds to pay all of its operating expenses in Thailand. It can borrow funds denominated in U.S. dollars, in Thai baht, or in euros and will need $10,000,000 today. Within the next 5 years, Baht is expected to depreciate by 2% annually, and Euro is expected to appreciate by 1.5% annually. Assuming those exchange rate expectations and borrowing costs below, which currency should it borrow? (Loan interests will be paid annually and principal will be paid at maturity)