Challian Corporation will receiveNZD1,000,000 in 180 days (NZC=New Zealand dollar. It considers using (1)a forward hedge, (2) an option hedge, (3) a money market hedge or (4) no hedge, its analysts develop the following information, which can be used to assess the alternative solutions: Spot rate is .60 USD/NZD 180-day forward rate is .67 USD/NNO interest rates are as follows: Deposit rate 11%in New Zealand, and 13% in the U.S Borrowing rate 12% in New Zealand, and 14% in the U.S. A call option on NZD that expires in 180 days has an exercise price of USD. 70 and a premium of USD .05. A put option on NZD that expires in 180 days has an exercise price of USD .71 and a premium of USD .03. challian Corporation forecaste3d the future spot rate in 180 days as follows: Which strategy would you recommend to Challian Corporation? Why? Be explicit