This question is based on Grace Kennedy Ltd., with the help of their latest audited financial statement please answer the following questions. a. Compare and contrast transaction exposure and economic exposure. b. Why would Grace Kennedy consider examining only it's 'net' cash flows in each currency when assessing its transaction exposure? c. Explain how Grace Kennedy is subject to transaction, economic and translation exposure. d. What are the techniques used by Grace to hedge its transaction, economic and translation exposures? e. How were Grace's cash flows recently affected by exchange rate movements according to its annual report. Review the foreign currency transaction gains and losses and the foreign currency transaction unrealized gains and losses on the income statement, the equity account and the disclosures, for this information. f. How did the translation exposure affect Grace's consolidated earnings?