Your brewery produces bakersfield Bland, a low calorie, low taste beer that has yet developed International following. In mid-march, you receive an order of 10,000 cartons from Munich, Germany for the next Oktoberfest, with payment of Euro 672,000 due in mid-september before the beer is consumed. In your opinion, the Euro will rise from its present rate of Euro 2.8000/$ to Euro 2.6500/$ by September, and you learn you can borrow Euro's for six months at 6% P.A. Note the answers are either correct or they are not their are no transpositions
If the Euro rises as expected, you will receive __________ in September
a. $353,685
b. $253,585
c. euro652,427
d. euro380,000