LSU Corp. has future receivables of $4,000,000$ New Zealand dollars

$($NZ$$)$ in one year. Information is provided on both the call and the put options. Determine

which option the firm must use and how much the company would receive in US Dollars in

each of the future spot rate scenarios and the overall cost using probabilities. Assume that

the company has funds for the option premium and does not have to borrow funds.

Spot rate of $NZ$$$=$$$\mathrm{.}54$

One$-$year call option: Exercise price $=$$$\mathrm{.}50$; premium $=$$$\mathrm{.}07$

One$-$year put option: Exercise price $=$$$\mathrm{.}52$; premium $=$$$\mathrm{.}03$

Forecasted spot rate of NZ$ $*$Do not copy answer from other problems. This problem does not include percentages outside of the probabilities. Please & Thanks.