You are expecting a payment of C$270,000 two years from now. The risk-free rate of return is 2 percent in the U.S. and 2.5 percent in Canada. The inflation rate is 2 percent in the U.S. and 1.8 percent in Canada. Assume the current exchange rate is C$1 = $.85. How much will the payment two years from now be worth in U.S. dollars?

		$244,815
		$208,317
		$219,643
		$227,222
		$231,496