Suppose that Boeing (US company) sold airplane to Lufthansa (German company) on credit and invoiced €20 million payable in six months. Two companies agree to share the currency risks. In the Price Adjustment Clause, the neutral zone is $1.14/€ - $1.26/€, the base rate is $1.2/€; and both parties will share the currency risk beyond a neutral zone. How much each party have to pay/receive if:

How much each party have to pay/receive if the exchange rate is $1.17/€

a. Boeing receives $20 million; Lufthansa pays €17.094 million.

b. Boeing receives $23.4 million; Lufthansa pays €20 million.

c. Boeing receives $20 million; Lufthansa pays €20 million.

d. Boeing receives $24 million; Lufthansa pays €20 million.