Which mission statement best represents the chester company? select: 1 innovation meets revolution. we create value for our customers through breakthrough designs that lead to unique high-performance products. providing value to our customers is why we get up in the morning. we accomplish this by offering products at a low price our customers can afford across a wide variety of market segments. lasting innovation is our motivation. we build premium products that are elegantly designed to meet the needs of a variety of market segments. consistency and affordability are our goals. our central mission is to offer dependable, low-price products that our customers can count on.

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?