Compute the mark-to-market value of the following long forward Australian Dollar (AUD) contract. The size of the contract is AUD 1,000,000 and the forward rate is F1USD/AUD= 0.85; the spot rate at time of the valuation (today) is XNUSD/AUD= 0.75. The AUD and USD interest rates are: rAUD= 7% and rUSD= 2%; assume the contract matures one year from now (so at t=1).

Group of answer choices

USD -49,600.14

USD -132,398.75

USD -45,611.05

USD 89,400.44