UCD, a UK-based business, has recently exported antique furniture to a US customer and is due to be paid $500,000 in three months time. To hedge against foreign exchange risk, UCD has entered into a forward contract to sell $500,000 in three months time. The relevant exchange rates are as follows:

Spot 1 = $15535 15595

Three months forward 030 025 cents premium

How much will UCD receive in sterling at the end of three months?

A 321,130

B 321,234

C 322,373

D 322,477.