Assume the following information:

$90$ day U$.$S$.$ interest rate $=3\%$

$90$ day Malaysian interest rate $=4\%$

$90$ day forward rate of Malaysian ringgit $=$$$\mathrm{.}38$

Spot rate of Malaysian ringgit $=$$$\mathrm{.}30$

Assume that the Santa Cruz Co$.$ in the United States will need $500,000$ ringgit in $90$ days. It wishes to hedge this payables position. If the firm uses a money market hedge,

Santa Cruz will need to pay

in $90$ days

A$.150000$

B$.182692$

C$.154500$

D$.190000$

E$.148558$