Blade Computer has a 1 million payable that is due in one year. Suppose the yearly interest rates in pounds and dollars are 15% and 10%, respectively. The current exchange rate is $1.50/. The company can hedge its future pound payable with a money market transaction by __________ today.

a. borrowing 1 million

b. investing $1 million

c. borrowing $1,304,348

d. investing $1,500,000