Discuss and calculate based on forward, futures, options and swaps (if applicable) to mitigate the foreign exchange exposure

UK company contracted to buy 20,000 litres at $40/litre from the US. 3 months credit is allowed before payment is due; due on 1 June. Contract size: 62,500 UK company has no surplus cash: Can borrow at short term 2% above bank base rate; Or invest short term at 2% below bank base rate in either UK or US On 1 March 2020 Spot Exchange rates: (US$) 2.9700 1 month forward 2.9450 3 months forward 2.9250 Current Bank base rates: US 2% per year UK 8% per year Currently trading at: March futures trading at: $2.900/. March futures priced at $2.8500/ Payment is made on 1 June 2020 June exchange rates $: 3.15 June spot rate: $2.7300/ June futures trading at: $2.80/ June futures priced at $2.700 . Call options on for March and June strike price: $2.800/; premium $0.05 and $0.06 Put options on for March and June strike price: $3.200 ; premium $0.07 and $0.08. UK company contracted to buy 20,000 litres at $40/litre from the US. 3 months credit is allowed before payment is due; due on 1 June. Contract size: 62,500 UK company has no surplus cash: Can borrow at short term 2% above bank base rate; Or invest short term at 2% below bank base rate in either UK or US On 1 March 2020 Spot Exchange rates: (US$) 2.9700 1 month forward 2.9450 3 months forward 2.9250 Current Bank base rates: US 2% per year UK 8% per year Currently trading at: March futures trading at: $2.900/. March futures priced at $2.8500/ Payment is made on 1 June 2020 June exchange rates $: 3.15 June spot rate: $2.7300/ June futures trading at: $2.80/ June futures priced at $2.700 . Call options on for March and June strike price: $2.800/; premium $0.05 and $0.06 Put options on for March and June strike price: $3.200 ; premium $0.07 and $0.08