Time left 0:2 On Dec 1, 2015, XYZ (a US firm) entered into a transaction to import raw materials from EU country. The account is to be settled Mar 1, 2016 with the payment of 50,000 euros. The spot rate for euros on Dec I was $1.4/euro and on Mar I was $1.44/euro. If XYZ does not hedge the payable, raw materials will be recorded on the books on March 1, 2016 at: a. $72,000 O b. 50.000 euros . None of the above d. $70,000