Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry for 500 million Japanese yen payable in one year. The current spot rate is 124/$ and the one-year forward rate is 110/$. The annual interest rate is 5% in Japan and 8% in the United States. PCC can also buy a one-year call option on Japanese yen at the exercise price of $0.0083 per yen for a premium of 0.016 cents per yen. Assume that the forward exchange rate is the best predictor of the future spot rate, what is the expected future dollar cost of meeting this obligation when the options market hedge is used?

a)	$4,545,455
b)	$4,234,500
c)	$4,366,400
d)	$4,236,400
e)	$4,230,000