Apple sells iPhone in many countries, including India. The company expects to receive 487 000,000 Indian rupees (INR) from its exports in one year. The spot rate is $0.0124 per rupee and the one-year forward rate is $0.0127 per rupee. The U.S. interest rate is 3% and the Indian interest rate is 10%. What is the dollar value of the rupees received now (in $)? O $4,427,273 O$3,570,381 $5,389,818 o $5,489,818