Texas Traders (TT for short) is a US-based firm that has negotiated a deal to sell Texas beer to an importer in Taiwan. The terms of the deal are as follows: Value of the deal: 550 Million Taiwan Dollars (TD) Payment terms (note: payment is to be made in Taiwan Dollars): 14% down payment, with the rest split equally over 100 days and 300 days. Exchange rates: Spot (Bid, Ask): 0.03220.0356 (direct quotes in the US). 100-day Forward Rates: 0.02950.0300 300-day Forward Rates: 0.02560.0278 Borrowing, Lending rates in Taiwan Dollar: 12.6\%, 11.87\% [100 days], and 13.25\%, 13.00\% [300 days] Put and Call Options are available: CALL: Strike price: 0.0295 , option premium =18%, American, expires in 300 days. PUT: Strike price: 0.0295 , option premium =22%, American, expires in 110 days. TT cost of capital: 6.25% Management is wondering on the best hedging method for TT. Can you help them