You are the CFO of World Platform Int., a U.S. multinational corporation. Your firm exports its products to theeurozone and denominates the exports ineuros. Your firm expects to receive 1,500,000eurosin 1 year. You have access to the following information:

U.S. deposit rate for 1 year=9%

U.S. borrowing rate for 1 year=10%

Eurodeposit rate for 1 year=10%

Euroborrowing rate for 1 year=12%

Euroforward rate for 1 year=$1.30

Eurospot rate=$1.34

Using the information above, what will be the approximate value of these exports in 1 year in U.S. dollars given that your firm executes a money market hedge?

$1,794,643.

$1,741,071.

$1,950,000.

$1,956,161.