Explanation would be helpful

21. (6 points) Next three questions are related to this text. Suppose Chrysler buys car components worth 16 million from the German subsidiary of Daimler AG. The equipment is to be delivered to the US and paid in one year. Current interest rate for T-bills is 8%, whereas equivalent bonds give 6% in EU 22. (6 points) If Chrysler enters a forward contract, and agrees to buy dollars with an exchange rate of 1=$1.2 in a year, what will the amount needed in USD today(pick the closest number)? A. $17.050 million B. $15.081 million C. *$17.777 million D. $19.017 million