Macy's receritly bought products frow Japanese trading partner and is seheduled to pay Strillion Yen in 90 doys. The spot exchange rate is $0.013,yen If Macy's warits to use option hedge, the option premium is 1.5% of the total hedged value. The option's strike (or exercisel price is $0.017/ yen. If the obtion has intrinsic value upon maturity, (thus will be exercised), how much will be Macy's total USD payment in 90 days? (Hint: there are 2-3 steps in the calculation, and you need to calculate the option contract cost first.) (Must show your work to earn credit)