FrameSuite Co., a U.S. multinational corporation, has just ordered materials from a British firm. The transaction is denominated in British pounds and your firm will need 2,700,000 pounds in 1 year to pay for the purchase. The 1-year forward rate of the British pound is $1.35 while the spot rate is $1.44. The following interest rates exist:

	U.S.	Britain
1 year borrowing rate	6%	7%
1 year deposit rate	4%	3%

Given the information above, If you use a money market hedge, the amount of dollars you need in 1 year is:

		$3,778,991.
		$4,017,155.
		$3,924,679.
		$3,645,000.
		$4,001,243.