Assume the following information regarding U.S. and Canadian annualized interest rates: ndi Borrowing Rate 6.35% 6.006 U.S. Dollar () 5.896 5.60% Canadian Dollar (Cs) Piggy Bank can borrow either $20 million or C$30 million. Furthermore, Piggy Bank expects the spot rate of the Canadian dollar to be $o.82 in 60 days (the current spot rate is $o.80) What amount will the borrowed amount convert to today? O a. C$16 million O b. C$25 million O c. $25 million d. C$24.39 million O e. $16 million