8. Peridote Ltd is an Australian company that designs material fabrics for retailers. They have their fabrics printed and manufactured in Malaysia. The Malaysian manufacturer requires payments for the manufacture of the materials to be paid in SUSD. An order of 1,500 metres of material has been placed by Peridote Ltd with the manufacturer on 1 April 2021 for SUSD 20,000. On this date the exchange rate was SAUD 1.00 = $USD 0.75. The goods will be delivered on the 30 June 2021 and this is the date that material will need to be paid for. In order to minimize the risk of exchange rate fluctuations, the company enters into an agreement with a bank to buy $USD 20,000 on 30 June 2021 at a rate of SUSD 0.76. The exchange rate in the market on 30 June 2021 was $USD 0.77 This is an example of what type of agreement (explain) and what amount will the Peridote pay on 30 June 2021 for the goods? a. Forward rate agreement, $26,315.79 b. Market transaction, $25,974.02 c. Forward rate agreement, $26,666.67 d. Foreign exchange option, $25,974.02 Justification