Jaguar has full manufacturing costs of their S-type sedan of 22,803. They sell the S-type in the UK with a 20% mark up for a price of 27,363. Today these cars are available in the US for $55,000 which is the UK price multiplied by the current exchange rate of $2.01/. Jaguar has committed to keeping the US price at $55,000 for the next six months. If the UK pound appreciates against the USD to an exchange rate of $2.15/, and Jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?

Select one:

a. 27,363

b. 55,000

c. 22,803

d. 25,581