apsications. Ine company orters IPnone, a line of smartphones; IPad, a line of multi$-$purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems. On September $30,$ Apple sold inventory to Yara International, a Norwegian company. The inventory was priced at NOK $46\mathrm{.}65$ million and payment is due in $180$ days. Apple's multinational finance team collected the following currency and market quotes. Apple forecasts the Norwegian Krone $($NOK$)$ will be at about $$\frac{0\mathrm{.}1125}{?}$ NOK in $180$ days.

Current spot rate $($$$/$NOK$)$

$180-$day forward rate $($$$/$NOK$)$

Apple's WACC

$180-$day dollar interest rate

$180-$day krone interest rate

$180-$day dollar borrowing rate

$180-$day krone borrowing rate

$$0\mathrm{.}1095$

$$0\mathrm{.}1105$

$4\mathrm{.}500\%$

$2\mathrm{.}000\%$

$1\mathrm{.}250\%$

$4\mathrm{.}000\%$

$3\mathrm{.}000\%$

How much will Apple repay at the end of $180$ days if it hedges with a money market hedge? $($rounded to the nearest krone$)$

NOK $46,650,000$

NOK $46,188,119$

NOK $45,960,591$

NOK $46,360,248$

NOK $45,735,294$