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A U . S . firm has a debt obligation of 2 2 8 million payable in one year. The current spot rate is 1

A U.S. firm has a debt obligation of 228 million payable in one year. The current spot rate is 113 per U.S. dollar and the one-year forward rate is 110 per U.S. dollar. Additionally, a one-year Call option on the Yen with a strike price of $0.0082 per yen can be purchased for a premium of 0.012 cent per yen. The risk-free money-market rate in Japan is 2% and the risk-free money-market rate in the U.S. is 3.6%. Calculate the future U.S. dollar cost of meeting this obligation using a money market hedge.
Note: Round your answer to the nearest dollar. For example, if your calculated future dollar cost is $1,756,234.75 enter it as: 1,756,235
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