Canada Export Inc. (CEI) is a Canadian MNC that needs to pay 240,000 in one year to a German supplier. The current spot rate is CAD$ 1.50 per . The interest rate in Canada is 3 percent and the interest rate in Germany is 4 percent. CEI decides to use a money market hedge to mitigate all of exchange rate risk. What is the 240,000 payables worth in CAD$?

	A.	CAD$ 158,462.
	B.	CAD$ 161,553.
	C.	CAD$ 356,538.
	D.	CAD$ 363,495.
	E.	CAD$ 360,000.