An American firm owes P $22,500,000\mathrm{.}00$ payable in one year. The current spot is $$0\mathrm{.}3400/$ P$.$ A Mexican bank is$.$ paying $1\mathrm{.}50\%$ on deposits or will lend at $6\mathrm{.}50\%.$ A U$.$S$.$bank is paying $1\mathrm{.}00\%$ or will lend at $3\mathrm{.}00\%.$ The firm will hedge this exposure with money market hedging. What will be their total cost in one year?

$$22,167,487\mathrm{.}68$

$$7,536,945\mathrm{.}81$

$$7,763,054\mathrm{.}18$

None of the alternatives

$$7,612,315\mathrm{.}27$