The forward rate of the Swiss franc (SF) is $0.50. The spot rate of the Swiss franc is $0.48. The following interest rates exist:

	U.S.	Switzerland
360-day borrowing rate	7%	5%
360-day deposit rate	6%	4%

Kriner Inc. needs to purchase SF200,000 in 360 days. Determine the amount of U.S. dollars needed in 360 days if Kriner Inc. uses a money market hedge.

Group of answer choices

$96,914

$101,904

$101,923

$92,307

$98,770