QUESTION IKofi plc is a large multinational company base in the UK with several subsidiary company around the word. Kofi Plc is considering whether or not to manage the foreign exposure using multilateral netting from the UK$,$ with the Sterling Pound $().$as the base currency. If multilateral nitting is undertaken, spot mid$-$rates would be used. The following cash flows are due in three months between kofi Plc and three of is subsidiary companies. The subsidiary companies are zeph Ltd$,$ base in the US$$.$ Ben INC based in Canada currency currency$($CAD$)$ and Sammie co based in Japan currency

Owed by Owedto Amount

kofi Zeph US$45$m

Kofi Ben CAD $11$m

Sammie Ben CAD $32$m

Sammie Zeph Us$14$m

Ben Zeph Us $15$ m

Ben Kofi CAD $34$m

Sammie Kofi JPY $30$m

Zeph Sammie JPY $320$m

Zeph Kofi Us $21$m

exchange rates available to kofi co

Mid spot

Bid rate Ask rate

GBP$1$ Us$$1-5668$ US$$1-6232$

GBP$1$ CAD$1-5690$ CAD$1-5710$

GBp$1$ JPY$131-91$ JPY $133-59$

$3$month forward

Bid rate Ask rate

US$$1-5652$ US$$1-6037$

CAD$1-5652$ CAD $1-5678$

JPY$129-15$ JPY$131-05$

Required:Explain transaction exposure, economic exposure, and translation exposure. $($marks$)$Calculate$,$ using a tabular format $($transactions matrix$),$ the impact of undertaking multilate netting by Kofi Co and its three subsidiary companies for the cash flows due in three mont Show all relevant calculations to support the advice given.This is my class mate answer for this question and she got everything right please analyze and solve this problem by showing all steps