An importer in the US has 200,000 pounds payable in one year. She would like to use a money market hedge rather than use a forward contract. The spot exchange rate is $1.20 per pound. The interest rate in the US is 4% and the interest rate in UK is 6%. How much will she need in dollars today to create a money market hedge? [Please note the answer should be in todays dollars.]

$189,452

$253,563

$226,415

$115,682