Alpha Corporation, located in the United States, has an accounts receivables of 750 million in one year from a customer in Tokyo. The current spot rate is 115/$1.00 and the one year forward rate is 109/$1.00. The annual interest rate is 2 percent in Japan and 4 percent in the United States. Alpha can also buy a one-year put option on yen at the strike price of $0.0086 per yen for a premium of $0.0001 per yen. The future dollar net proceeds of hedging this receivables using the forward, money market hedge, and option hedge are respectively: (Hint: Be sure to account for the option premium.)

Group of answer choices

$6,410,256; $6,372,000; $6,802,734.

$6,410,256; $6,372,000; $6,544,500

$6,880,734; $6,649,616; $6,802,734

$6,880,734;$6,802,734; $6,649,616