Bradley Machine Corp. expects to need S$500,000 (Singapore dollars) for an accounts payable in one year. The current spot rate of the Singapore dollar is $0.60/S$. The one year forward rate of the Singapore dollar is $0.62/S$. The spot rate in one year is forecasted to be $0.61/S$. The firm's WACC is 12% per year. Assume that one year put options on Singapore dollars are available, with an exercise price of $0.63/S$ and a premium of $0.04/S$. One year call options on Singapore dollars are available with an exercise price of $0.60/S$ and a premium of $0.03/S$. Assume the following money market rates: U.S. Singapore Deposit rate 8% 5% Borrowing rate 9% 6% Assume that for money market hedges, the firm invests or borrows at the short-term deposit rates given above rather than at their WACC. Given this information, what would be the total cost in USD to Bradley of the S$500,000 if the Call Options Hedge is chosen? A. $310,000 B. $311,428 C. $305,000 D. $316,800