Post explanation please!

GED Corporation, located in the United States, has an accounts payable obligation of v800 million payable in one year to a bank in Tokyo. The current spot rate is 115/$1.00 and the one year forward rate is Y110/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. GED can also buy a one- year call option on yen at the strike price of $0.0080 per yen for a premium of 0.010 cent per yen. At what one-year spot rate would GED be indifferent between money market hedging and option market hedging? O Y116/$1.00 O Y109/$1.00 Y116.28/$1.00 O This rate does not exist