Country Switzerland China Russia Mexico ($) France Germany Finland Italy Cost F66,151,533 27,645,290 P17,012,486 MP19,139,047 29,771,851 40,404,655 10,632,804 31,898,412 Spot Rate $1.0488/1F X6.3346/1$ P56.6589/1$ MP18.5887/1$ $1.2307/1 $1.2307/1 $1.2307/1 $1.2307/1 6-Month Forward Rate $1.0685/1F 6.4020/1$ P57.7081/1$ MP19.1780/1$ $1.2485/1 $1.2485/1 $1.2485/1 $1.2485/1 1) If the cost of capital is 11.5675%, what is the cost to Tracero of the option strategy? 2) What are the fundamental differences for Tracero between hedging with forward and futures contracts and hedging with option contracts.