Suppose that Mullen Co$,$ a U$.$S$.-$based MNC$,$ knows that it will need $200,000$ pounds in one year in order to purchase supplies. It is considering a

currency call option to hedge this payable. Currency call options on the pound with expiration dates in one year currently have an exercise price of

$$1\mathrm{.}21$ and a premium of $$0\mathrm{.}02.$

Mullen Co$.$ wishes to use its own forecast of what the spot rate might be for the pound one year from now.

$$1\mathrm{.}18,$ with $30\mathrm{.}00\%$ probability

$$1\mathrm{.}22,$ with $60\mathrm{.}00\%$ probability

$$1\mathrm{.}24,$ with $10\mathrm{.}00\%$ probability

For each scenario in the following table, fill in the dollar amount paid per unit for the call options $(5$th column$),$ the total dollar amount paid for

$200,000$ pounds when using the call options $(6$th column$),$ and whether Mullen would exercise the options $(7$th column$)$