A company based in the US have bought components from Japan for 200 million, payable in four months time. The following data is available: Bid Ask USD/JPY spot rate: 94.0000 94.0040 USD/JPY 4 month forward rate: 86.1000 89.7000 Euroyen borrowing interest rate: 0.4% per annum Euroyen investment interest rate: 0.1% per annum Strike price for a USD/JPY call option: 92.0000 Premium for this call option: 2.0% The companys cost of capital 12% per annum Required Evaluate the companys hedging strategies. Please provide at least three of them. What is your recommendation? Give clear explanations for your answer. Your answer needs to include all calculations.