A firm has a receivable of A$4,500,000.00. They hedge this exposure with a forward participation contract with a guaranteed rate of $1.4500 / A$ and a participation rate of 35%. If at the time of payment the spot price ends up equal to $1.4790 / A$, how much did the firm end up with?

$6,525,000

$6,655,500

None of the alternatives

$6,570,675

$6,479,325