Star Alien $($US company$)$ sold equipment to Heavy Metal Industry $($Italian company$)$ for $1-$million$-$euro receivable in one year. The current spot rate is $$1\mathrm{.}15/$ and the one$-$year forward rate is $$1\mathrm{.}20/.$ The annual interest rate is $5$ percent in Italy and $8$ percent in the United States. Star Alien can also purchase a one$-$year put option on the euro at the strike price of $$1\mathrm{.}18$ per euro for a premium of $9$ cents per Euro. What is the future dollar proceeds of this sale using the money market hedge?

Question $6$ options:

$$1,102,800.$

$$1,180,000.$

$$1,182,857.$

$$1,200,000.$

$$1,150,000.$

$$1,118,056.$