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Please show how answer is derived. A U.S. company trades with Canada and France as shown...

Please show how answer is derived. A U.S. company trades with Canada and France as shown below. The movements in the Canadian dollar and the euro are highly correlated.

(1) Is the company's degree of transaction exposure high or low)?

(2) Calculate the net exposure.  

(3) If the exchange rates continue to be highly correlated, what will be the impact on the balance sheet of the U.S. company?
Currency Total inflow Total Outflow Current Exchange Rate in U.S. Dollars
Canadian dollar 20,000,000 15,000,000 $             0.76
Euro       40,000,000        27,000,000 $             1.14
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