You work for a U.S. firm that imports from Italy and expects to pay 200,000 euros (EUR) a year from now. The one-year U.S. interest rate is 2% when depositing USD and 5% when borrowing USD. The one-year Italian interest rate is 3% when depositing EUR and 6% when borrowing EUR. The current EUR spot rate is $1.20. You are certain that the EUR spot rate a year from now will be $1.25 (i.e., with probability 100%). There are both Call and Put options available on the EUR with a 1-year expiry and an exercise price of $1.20. The call options premium is $0.02 as is the put options premium. If your firm decides to hedge this payable, is it better off using a money market hedge or a currency option hedge (i.e., compute the total USD cash outflow from implementing each strategy)?