A Thai car dealer placed a purchase order with a German auto maker to purchase 50 cars worth a total of EUR 3 millions. Half of this amount is due for payment immediately while the other half is due at delivery. What is the total payment in Thai baht made by the car dealer at the time of the order if the spot rate is EUR/THB 34.12-34.16?

Select one:

A. THB 51.18 million

B. THB 51.24 million

C. THB 87,822

D. THB 102.48 million