You are given the following information: EUR deposit rate for 1 year 2% EUR borrowing rate for 1 year Australian Dollar deposit rate for 1-year Australian Dollar borrowing rate for 1 year AUD/EUR Strike for 1 Year Call Option AUD/EUR Strike for 1 Year Put Option Premium on Call/Put Option Spot AUD/EUR 3% 3.5% 4.5% 0.70 0.72 0.01 0.67 A French importer needs to pay for its imports from Australia an amount of AUD 2,000,000 in 1 year. Using the information above, what will be the approximate value of these imports in 1 year in EUR if the firm executes Option hedge and a money market hedge? Which one is more feasible for the company?