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3) (3 pts) Use the following information to compare the dollar cost in 180 days of using a money market hedge or a Forward Hedge to hedge 200,000 pounds of payables due in 180 days. Assume the firm has no excess cash. Assume the spot rate of the pound is $1.28/1GBP and the 180-day forward rate is $1.30/1GBP. The British interest rate is 2% per year (1% per 180-day period) you can both borrow and lend pounds at 2%, and the U.S. interest rate is 4% per year (2% per 180-day period) you can both borrow and lend US dollars at 4% 200,000 pounds payable would cost $ in 180 days if you used a Forward Hedge and 200,000 pounds payable would cost $ in 180 days if you used a Money Market Hedge