Pfizer is one of the leading pharmaceutical companies located in New York. The massive efforts of Pfizer's research and development team have led to the approval of Pfizer's COVID-19 vaccine. Pfizer just purchased a shipment of potassium chloride from Morocco for 8,300,000 dirhams, payable in three months. Pfizer's financial executive has collected the following information.Pfizer's cost of capital (WACC) = 12.00%; Spot exchange rate, dirhams/$ = 9.20; Three-month forward rate, dirhams/$ = 9.70; Three-month interest rate for borrowing in United States = 6.00% per annum; Three-month interest rate for borrowing in Morocco = 8.00% per annum; Three-month interest rate for investing in United States = 5.00% per annum; Three-month interest rate for investing in Morocco = 7.00% per annum. How much is the cost of settlement using money market hedge? A.944332 Dirhams B.$944332 C.913257 Dirhams D.$913257

Pfizer is one of the leading pharmaceutical companies located in New York. The massive efforts of Pfizer's research and development team have led to the approval of Pfizer's COVID-19 vaccine. Pfizer just purchased a shipment of potassium chloride from Morocco for 8,300,000 dirhams, payable in three months. Pfizer's financial executive has collected the following information. = = Pfizer's cost of capital (WACC) = 12.00%; Spot exchange rate, dirhams/$ = 9.20; Three-month forward rate, dirhams/$ = 9.70; Three-month interest rate for borrowing in United States = 6.00% per annum; Three-month interest rate for borrowing in Morocco = 8.00% per annum; Three-month interest rate for investing in United States = 5.00% per annum; Three-month interest rate for investing in Morocco = 7.00% per annum. How much is the cost of settlement using money market hedge? A) 944,332 Dirhams B) $944,332 C) 913,257 Dirhams D) $913,257