Assume that you will require 1,000 Barrels of oil (you are a finance manager at Delta), one month from today. The current price of oil is $80.00 / barrel. You expect that the future spot price/barrel could be either, $85.00, $90.00, or $95.00 with equal probability. The 1 month forward rate oil is $92.00 / Barrel. Compute the Net cost of oil for the following under each of the three scenarios. a) Net Final Cost /barrel of oil if you used a Forward contract b) Net Final Cost /barrel of oil if you did not hedge, i.e. buy from open market after 1 month. c) What should your optimal strategy should be and why