An American firm owes 5,400,000.00 payable in one year. The current spot is $1.1667 / . A European bank is paying 4.50% on deposits or will lend at 7.00%. A U.S. bank is paying 3.00% or will lend at 5.00%. The firm will hedge this exposure with money market hedging. What will be their total cost in one year?

A.$6,330,324.40

B.None of the alternatives

C.$6,028,880.38

D.$5,167,464.11

E.$6,209,746.79