Assume that Patton Co. will receive 100,000 New Zealand dollars (NZ$) in 180 days. Today's spot rate of the NZ$ is $.50, and the 180-day forward rate is $.51. A call option on NZ$ exists, with an exercise price of $.52, a premium of $.04, and a 180-day expiration date. A put option on NZ$ exists with an exercise price of $.51, a premium of $.02, and a 180-day expiration date. Patton Co. has developed the following probability distribution for the spot rate in 180 days:

Possible Spot Rate
in 180 Days	Probability
$.48	10%
$.49	60%
$.55	30%

Given the above information, determine how much the company woudl receive in USD is they decide to use an options hedge (choose ONLY the appropriate type of option either call or put, not both)