You work for a Space Mountain Rollercoasters, which is a firm whose home currency is the Canadian dollar (CAD) and that is considering a foreign investment. The investment yields expected after-tax United States dollar (USD) cash flows (in millions) as follows: Assume that Covered Interest Rate Parity holds and that your firm's management believes that Relative Purchasing Power Parity is the best way to predict future exchange rates over this investment's time horizon. You also have the following information: The spot exchange rate is S0CAD/USD=CAD1.2892/USD. Assume that your firm is unable to find a way to capture the project's United States dollar value today through mechanisms such as securitizing the project and selling the project to local investors. What is the gain in Canadian dollar value that the parent company (Space Mountain Rollercoasters) can expect to receive by hedging the project's cash flows using available forward rates as opposed to leaving the investment unhedged? a. The gain from hedging with forwards is CAD 49.83 million b. The gain from hedging with forwards is CAD 53.28 million c. The gain from hedging with forwards is CAD 51.79 million d. The gain from hedging with forwards is CAD 49.08 million e. The gain from hedging with forwards is CAD 54.58 million