XYZ Corporation, located in the United States, has an accounts payable obligation of 1750 million payable in one year to a bank in Tokyo. The current spot rate is 4116/51.00 and the one year forward rate is 1109/51.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. XYZ can also buy a one year call option on yen at the strike price of $0.0086 per yen for a premium of 0.012 cent per yen. Assume that the forward rate is the best predictor of the future spot rate The future dollar cost of meeting this obligation using the option hedge is