Pantheon, Inc. expects to receive a payment of CAD670,000 four years from now. The risk-free rate of return is 0.65 percent in the U.S. and 2.10 percent in Canada. Assume the current exchange rate is CAD1 = $.7353. How much will the payment four years from now be worth in U.S. dollars? (Hint: Find the expected spot rate four years from today, then convert the payment in CAD into US$)

		$465,084
		$531,207
		$493,815
		$480,048
		$445,706