You are buying a put option to hedge yourself from exchange rate fluctuations. The option has a strike price of 0.90/$. You will receive 1,000,000 from a customer in 3-months from now. The future value of the premium is $3,200. If the spot rate in three months is 0.95/$ decide whether you exercise the put option and calculate your cash inflow. $1,107,911 $1,114,311 $1,246,800 $,1253,000