Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Manitoba, Canada. The current spot rate is $1.01/C$ and the forward rate is $1.02/C$. Under conditions of equilibrium, management would use ________ today when preparing operating budgets.

A) $102,000

B) $101,000

C) $100,000

D) none of the above

I think the correct answer is 100,000.00