You would like to use money market hedge to hedge your 12M A/R next year. Current spot rate is 1.9$/, home (U.S.) risk-free interest rate is 6% and U.K. risk-free interest rate is 9%, What is your next year dollar equivalent of these A/R if you use money-market hedge under three of the following scenario:

a) (1 point) You have no debt b) (1 point) You have $25M debt at 7% c) (1 point) You have $15M debt at 7%