Problem 4 Micca Metals, Inc. is a speciality materials and metals company located in Detroit, Michigan. The company specializes in specific precious metals and materials which are usod in a variety of pigment applications in many other industries including cosmetics, appliances,and a variety of high tinsel metal fabricating equipment. Micca just purchased shipment ofpho s fom Morocco for 6,000,000, dithams, payable in six months. Given the information below, calcalle and compare the cost of forward and money market hedges Shipment of Micca's cost of capital (WACC) Sin-month forwand re, darhams Six-month interest e or borrowing (per annum) 16000 Six-month intorest rate for investing (ger annun) odo coo 00o 96000 X 6 % 5% IS 20 S3bos 1. 6% Problem 4 Micca Metals, Inc. is a speciality materials and metals company located in Detroit, Michigan. The company specializes in specific precious metals and materials which are usod in a variety of pigment applications in many other industries including cosmetics, appliances,and a variety of high tinsel metal fabricating equipment. Micca just purchased shipment ofpho s fom Morocco for 6,000,000, dithams, payable in six months. Given the information below, calcalle and compare the cost of forward and money market hedges Shipment of Micca's cost of capital (WACC) Sin-month forwand re, darhams Six-month interest e or borrowing (per annum) 16000 Six-month intorest rate for investing (ger annun) odo coo 00o 96000 X 6 % 5% IS 20 S3bos 1. 6%