Redsystems is a US manufacturer. Recently, Redsystems has purchased a large number of supplies from Bluelectrics, a UK firm. Redsystems expects to have a cash outflow of $5\mathrm{.}1$ million in one year. The currency spot rate is $$1\mathrm{.}2557/,$ and the one$-$year forward rate is $$1\mathrm{.}243/.$ The appropriate annual discount rate for the pound is $4\mathrm{.}5\%,$ and the annual discount rate for the US dollar is $1\mathrm{.}9\%.$

If Redsystems first discounts the cash flow at the appropriate pound rate and then converts the amount to dollars, the present value of Redsystems' cash outflow is closest to:

Select one:

a$.$ $$6\mathrm{.}28$ million

b$.$ $$6\mathrm{.}57$ million

c$.$ $$6\mathrm{.}13$ million

d$.$ $$6\mathrm{.}24$ million