How much does Golden receive in cash to settle the cap for the 6-month period ending December 31,2016?

Golden Corporation invests in a 4.9% interest rate cap to hedge \($4,000,000\) in variable rate debt, whose rate is set at LIBOR plus 20 bp. For the 6-month period ending December 31, 2016, LIBOR is 5%. For this same period, the cap’s market value increases by \($5,000.\)

a.   \($6,000\)

b.   \($12,000\)

c.  \($94,000\)

d.  \($100,000\)