U.S. borrowing rate for 1 year = 9.5%

U.S. deposit rate for 1 year = 8.7%

French borrowing rate for 1 year = 11.3%

French deposit rate for 1 year = 10.2%

French franc spot quote = $0.176378

French franc 1year forward quote = $0.172947

Suppose Alcoa in 1995 had a payable of FF 1 million due in one year. Alcoa's cost of the payable using a money market hedge is _______ and its cost using a forward market hedge is

(Answer should be $178,937; $174,700)