Assume that Carbondale Co. expects to receive $1,000,000 in one year. The existing pot rate of the Singapore dollar is $1.62The one-your forward rate of die Singapore dolls 50.62. Carbondale created the following probability distribution for the future pot rate in one year Future Spot Rate Probability 30.62 30% 0.64 40 0.68 30 Assume that one-year put options on Singapore dollars are available, with exercise price of 50.63 and a premium of $0.04 per unit. One-your all options in Singapore dollars are available with an exercise price of 0.66 and a premium of 50.03 per unit. Assume the following money market rates U.S. Spor Deposit rate 9% 646 Horrowing rate 10 Given this information, Carbondale Co want to compare the most appropriate hedge to an unhedged strategy and decide whether Carbondale should hedge ins receivables position: How much is the expected cash flows in put option hedipe? S609,000 5619,000 $599,000 $629,000