You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the total cost of CHF 13,000 for lodging, meals and transportation during your stay. As of today, the CHF/USD rate is 1.1023 and the three-month forward rate is 1.1178. You can buy the three-month call option on CHF with the exercise rate of 1.1000 for the premium of $0.029 per SF. Assume that your expected future spot exchange rate is the same as the forward rate. The three-month interest rate is 4.6 percent per annum in the United States and 1.4 percent per annum in Switzerland. Please calculate your expected dollar cost if you choose to hedge via call option on SF. (USD, no cents)