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Dawg-Grip, Inc., of Georgia just purchased a Korean company that produces plastic nuts and bolts for automobile manufacturers. The purchase price was Won 7,030 million. Won 1,000 million was already been paid, and the remaining Won6,030 million (6,030,000,000) is due in six months. The money market hedge is not available. Here is additional data: Current spot rate: Won1200/$ Six-month forward rate: Won1220/$ Six-month call optidn on Korean won at W1230/$: 3.0% premium Six-month put option on Korean won at W1210/$: 2.4% premium Weighted average cost of capital: 20% Compare alternative ways that Dawg-Grip might deal with its foreign exchange exposure. Which hedge is better if the company wants to play it safe? Which hedge is better if the company is willing to take some risk? Please show actions taken and the dollar cost 6 months later. What is the break-even spot rate between the forward hedge and options hedge