Calculation steps must be shown in the answer!!!

Awani Integrated System (AIS) Bhd is a Malaysian exporter of computer chips. AIS has agreed to deliver 4,000 units of chip at a unit price of USD 100 to one US firm. Three months credit is allowed to the US firm before payment is due. AIS can borrow short term at 2% above bank base rate or invest short at base rate either in Malaysia or the US. bid Spot 1-month forward 3-month forward Exchange Rates MYR/USD ask 4.4525 4.4528 4.4515 4.4520 4.4315 4.4320 3-month call option at a strike price of MYR4.4545 3-month put option at a strike price of MYR4.4550 3-month forecasted spot rate: MYR 4.4560 Option premium: 1.5% of contract value Weighted average cost of capital: 10% Current bank base rate: United States: 6% per annum Malaysia: 10% per annum a) Briefly explain why AIS needs to hedge. b) Calculate the revenues or costs to be incurred by AIS (in MYR) for each of these four approaches: 1) Do Nothing (Unhedged) ii) Forward market hedging 111) Money market hedging iv) Currency option market c) Based on your answers in (b), explain which is the best option