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1.Graylon, Inc., based in Washington, exports products to a German firm and will receive payment of 200,000 in three months. On June 1, the spot rate of the euro was $1.10, and the 3-month forward rate was $1.20. On June 1, Graylon negotiated a forward contract with a bank to sell 200,000 forward in three months. The spot rate of the euro on September 1 is $1.15. Graylon will receive $____ for the euros from the bank.

A. 224,000

B. 220,000

C. 230,000

D. 240,000