Kawai Ltd., a Japanese company, will receive RM188,000,000 in three months for an order of 15,000 upright pianos. It faces the following interests and exchange rates: Spot rate: 25.74/RM Forward rate (30 days) 25.78/RM Forward rate (90 days) 25.83/RM 90-day call option on Yen at 25.80/RM 2.5% 90-days put option on Yen at 25.76/RM 1.5% Malaysian Ringgit 90-day interest rate (annualized) 8.8% Japanese Yen 90-day interest rate (annualized) 7.6% If the Kawai Ltd. hedges in the money market, what will be its Yen proceeds today? Please select the most suitable answer a. 4734.951 million b. 4765.764 million OC. 4824.915 million d. 4742.309 million