Can you answer the two questions on the attached document?

Based on the material in the course and other research which you conduct, answer the questions shown below after the data on Jones Company. If you use additional sources of information from outside the course, be sure to identify those sources. Jones Company is a U.S. firm preparing its financial plan for the next year. It has no foreign subsidiaries, but it has extensive exports to Australia, Canada, Argentina and Taiwan. Its estimated foreign cash inflows to be received from exports and cash outflows to be paid for imports over the next year are shown below: Currency Australia dollars (A$) Canada dollars (C$) Argentina pesos (AP) Taiwan dollars (T$) Total Inflow A$33,000,000 C$6,000,000 AP12,000,000 T$5,000,000 Total Outflow A$3,000,000 C$2,000,000 AP11,000,000 T$9,000,000 The spot rates and one-year forward rates as of today are: Currency Spot One-Year Forward Rate Rate A$ $ .91 $ .94 C$ .61 .60 AP .19 .16 T$ .66 .65 1. Based on the above, calculate the net foreign exchange exposure Jones faces for each foreign currency stated in dollars. 2. The current spot rate is used by Jones as a forecast of the future spot rate one year into the future. The C$, AP, and T$ are expected to move together against the U.S. dollar during the next year. The A$'s movements are expected to be independent of the movements of the other currencies. As exchange rates are difficult to predict, the forecasted net dollar cash flows per currency may be inaccurate. Could there be offsetting exchange rate movements from whatever exchange rate movements do occur? Explain