You are the financial manager of a US export company that just sold a container of new equipment to its Italian customer and expects to receive a payment of EUR 1 Million in 180 days. Based on the following market information, please answer in detail the following questions (show all calculations):a)How should you hedge the companys FX risk, if there was no forward FX or Options market? b)If you were to hedge that risk using the forward FX market instead, what exact information would you give to your banker about the forward transaction in order to receive a quote (no calculations needed for this question)?c)Calculate the forward FX rate (assume a 360-day year, 12 months of 30 days each) (provide your final answer with 4 decimals).USD/EUR Spot rate: 1.4700 / 1.4750180 day US interest rate: 4.50% / 5.00%180 day EUR interest rate: 3.00% / 3.50%