XYZ Corporation, located in the United States, has an accounts payable obligation of 600 million payable in one year to a bank in Tokyo. The current spot rate is 120.00/$1.00. The annual interest rate is 3 percent in Japan and 5 percent in the United States. XYZ can also buy a one-year call option on yen at the strike price of $0.00791 per yen for a premium of 0.02 cents per yen. The dollar cost of meeting this obligation, using the call option is the same as using a forward contract. What is the one-year-forward-rate?

123.15/$1.00

119.67/$1.00

116.18/$1.00

112.80/$1.00