Pacific Tech Corp. has just agreed to buy high$-$tech equipment from Japan at a cost of $100,000,000,$ payable in six months. Due to currency volatility, the company is evaluating several hedging options to manage the currency risk. Currently, the spot exchange rate is $110/$$$.$ The six$-$month forward rate is $108/$$$,$ and a six$-$month $$ call$/$$ put option with a strike rate of $109/$$ can be bought for a premium of $1\mathrm{.}7\%.$ Pacific Tech$$s annual cost of capital is $10\%.$ What is the cost of using an option to hedge this transaction? Assume the option covers the entire transaction amount and calculate using the annual cost of capital to discount the premium.

$*$A$)*$ $$153,000$

$*$B$)*$ $$155,500$

$*$C$)*$ $$157,900$

$*$D$)*$ $$160,300$