Dozier Industries has bid and won yet another contract in London, providing specialized security systems for Bentley dealerships. The company expects to be paid 3 million in 4 months, and will convert the amount to dollars then. The current spot rate is 1.77 $/, and Dozier can lock in a 4-month forward rate at 1.75 $/. Dozier currently believes options are too expensive, so is looking into a spot hedge. Use the information in the table below to decide which hedging approach Dozier should use. Support your choice. Interest rates shown are APRs. borrowing rate: 9% $ borrowing rate: 12% investing rate: 6% $ investing rate: 9%