ET Corporation bought equipment from a Brazilian firm. ET Corp will have to pay BRL 2,000,000 in 180 days. 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 0.29 USD/BRL 180-day forward rate 0.32 USD/BRL. Annual interest rates are as follows: Deposit rate: 12.6% in Brazil, 2.2% in the U.S. Borrowing rate: 14.25% in Brazil, and 3.3% in the U.S. A call option on BRL that expires in 180 days has an exercise price of USD .32 and a premium of USD .02. A put option on BRL that expires in 180 days has an exercise price of USD .31 and a premium of USD .03. ET Corporation forecasted the future spot rate in 180 days as follows: Which strategy would you recommend to Elaine Corporation? Why? Be explicit