This question is multi tiered, but I ONLY need answer for #7. I have included the other parts of the question to provide needed information and context, without violating the 1 question rule. Again, I ONLY need answer for #7. Please and thanks!

This is the question I need, #7 only.

These are the other questions in the series if you need more context/info.

Question 1 1 pts Questions 1-8 are based on the following information: Boeing sold an aircraft, Boeing 777, to Lufthansa Airlines, a German company, and billed 30 million payable in one year. Bocing is concerned with the USD proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/ and one-year forward exchange rate is S1.10/ at the moment. Boeing can buy a one-year option on euro with a strike price of S1.12/ for a premium of $0.02 per euro. Currently, the annual interest rate is 5% in the euro zone and 6% in the US This is s a case for Boeing. o A/P A/R D Question 7 3 pts If Boeing hedges the exposure using an option hedge, total option premium: $ premium will grow to S interest rate. In one year, if the spot price is $1.1 per euro, the option is million will be paid today. The option million in one year at the US (in/out) of the money. So, Boeing will sell 30 million per euro, which equals to a total million. After the option premium, the ISI euro at the price ofS proceeds of S total (net) dollar proceeds in one year is $ million. Note: Please write your number in milion S and leave 3 decimal points if it is not a whole number. For example, if your answer is $50 million, write your answer as "$50" million. If your answer is $50.3 million, please write your answer as "$50.300" million. Question 2 1 pts If Boeing wants to hedge the transaction exposure using forward, Boeing should enter million due in one year position in a forward contract of 30 e long e short Question 3 1 pts If Boeing enters a forward euro contract today, the guaranteed dollar proceeds for this international sale in one year should beS million. Question4 1 pts If Boeing wants to hedge the transaction exposure using money market hedge, Boeing should orrow P on it. of euro and buy buy PV of euro today using USD, and deposit euro n the bank and sit on it. Question 5 1 pts If Boeing uses MMH, the guaranteed dollar proceeds in one year should be$ million S and leave 3 decimal points if it is not a whole number. For example, if your answer is $50 million, write your answer as "S50" million. If your answer is $50.3 million, please write your answer as "$50.300" million.) million (Please write your number in Question 6 1 pts If Boeing wants to hedge the transaction exposure using option hedge, Boeing should buy a put option sell a put option O buy a call option O sell a call option