Assume that a US company will receive CHF 500,000 in 360 days. Interest rates are 12% in the US and 5% in Switzerland. One-year forward rate for Swiss franc is $0.51 and the current spot rate of Swiss franc is $0.48. If the US company uses a money market hedge, it will need to borrow _________ and invest _________.

Group of answer choices

$ 228,571 ; CHF 476,190

CHF 476,190 ; $ 228,571

$ 214,286 ; CHF 446,429

CHF 446,429 ; $ 214,286

CHF 476,190 ; $ 242,857