Weese R$.$ Grains of Canada has sold $5,000$ tonnes of wheat to Pete$$s Apasta Company of Italy at $110$ euros per tonne and payable in one year. The current spot rate is $1\mathrm{.}3805($C$$/$euro$)$ and the $1-$year forward is $1\mathrm{.}3676.$ The financial analyst at Weese R$.$ suggests that the spot rate in one year will be $1\mathrm{.}3485.$ Interest rates in Canada are currently $3\mathrm{.}40$ percent for $1$ year and $3\mathrm{.}77$ percent in Italy.

a$-1.$ Calculate the receipts if Weese R$.$ Grains takes a chance on the spot rate.

Receipts $

a$-2.$ Calculate the receipts if Weese R$.$ Grains books a forward contract.

Receipts $

a$-3.$ Calculate the receipts if Weese R$.$ Grains buys a money market hedge. $($Round intermediate calculations and the final answer to the nearest whole pound. please answer part $3$ with explanations of calculations