Central Valley Transit Inc. (CVT) has just signed a contract to purchase light rail cars from a manufacturer in Germany for euro The purchase was made in June with payment due six months later in December. Because this is a sizable contract for the contract is in euros rather than dollars, CVT is considering several hedging alternatives to reduce the exchange firm and because the risk arising from the sale. To help the firm make a hedging decision you have gathered the following information . The spot exchange rate is $1.250/euro The six month forward rate is $1.22/euro The Euro zone 6-month borrowing rate is 9% (or 4596 for 6 months) The Euro zone 6-month lending rte is 796 (or 35% for 6 months) The US. 6-month borrowing rate is 8% (or 4% for 6 months) " The US 6. month lending rate is 6% (or 3% for 6 months) . December call options for euro 3,000,000; strike price $1.28/euro, premium $0.01875/euro CVT's forecast for 6-month spot rates is $1.27 euro What is the future vatue of the money market hedged payable for CVTs euro 3,000.000 contract? O $3,588,517 O $3,696,172 O $3,768,116 O S3,623 188