Your U.S. company has USD $18,000,000 to be invested for the next 90 days. Using only the data given below, answer the following questions. (a and b). _____________________________________________________________________________________ U.S. interest rate (annual): 5.45% Europe interest rate (annual): 5.10% Spot rate: 1 Euro equals 1.07163 U.S. Dollar 90 day forward rate: 1 Euro equals 1.07050 U.S. Dollar Your forecast of the spot rate In 90 days: 1 Euro equals 1.07300 U.S. Dollar a.) If you had the ability to use the forward market, where should you invest to earn more and what is the net difference in earnings (dollars)? Show the necessary calculations