The forward rate market is dependent uponA project in India has an initial cost of 250,000 INR. The project is expected to return a one-time payment of 425,000 INR five years from now. The risk-free rate of return is 2.7 percent in the United States and 4.3 percent in India. The inflation rate is 2.2 percent in the United States and 5.3 percent in India. Currently, the project manager can buy 6,300 INR for $100. How much will the payment five years from now be worth in U.S. dollars?

$6,515

$7,201

$7,313

$7,060

$6,231