PLZ PLA HELP ASAP

a) Fiolty (American firm) is anticipating to obtain three million Euro in one year from its exports. Assuming that the spot rate of the euro as of today is $1.5 and the interest rate parity exists. The Firm also uses the forward rate as a predictor of the future spot rate. The annual interest rate in the Euro zone is 6% versus an annual interest rate of 4% in the US market. The firm has available Put options on Euro with an exercise price of $1.3, an expiration date of one year from today, and a premium of $.02 per unit. i) Estimate the dollar cash flows that would be received, if the unhedged strategy is followed. (4 marks) ii) Estimate the dollar cash flows that would be received, if the money market hedge strategy is followed (4 marks) iii) Estimate the dollar cash flows that would be received, if the option hedge strategy is followed. (4 marks) iv) Based on the estimation in parts (a,b,c), select the optimal hedging strategy and justify your answer. (4 marks)