Texas Traders $($TT for short$)$ is a US based firm that has negotiated a deal to sell Texas beer to an importer in Taiwan. The terms of the deal are as follows: Value of the deal: $250$ Million Taiwan Dollar $($TD$)$ Payment terms $($note: payment is to be made in Taiwan Dollar$)$: $28\%$ down payment, with the rest split equally over $220$ days and $330$ days.

Exchange rates: Spot $($Bid$,$ Ask$)$: $0\mathrm{.}0319-0\mathrm{.}0387($direct quotes in the US$).$

$220-$day Forward Rates: $0\mathrm{.}0275-0\mathrm{.}0312$

$330-$day Forward Rates: $0\mathrm{.}0216-0\mathrm{.}0245$

Borrowing, Lending rates in Taiwan Dollar: $11\mathrm{.}8\%,10\mathrm{.}7\%[220$ days$],$ and $15\mathrm{.}2\%,13\mathrm{.}75\%[330$ days$]$

Put and Call Options are available:

CALL: Strike price: $0\mathrm{.}0320,$ option premium $=18\%,$ American, expires in $340$ days.

PUT: Strike price: $0\mathrm{.}0300,$ option premium $=29\%,$ American, expires in $340$ days.

TT cost of capital: $10\mathrm{.}5\%$

Management is wondering on the best hedging method for TT$.$ Can you help them?