Procter and Gamble's affiliate in India, P&G India, procures much of its toiletries product line from a Japanese company. P&G India wishes to hedge a 9.5 million Japanese yen payable. Assume a 360-day financial year, how much in Indian rupees will P&G India pay in 180 days without a hedge if the expected spot rate in 180 days is assumed to be 2.4742/Rs?
Oa. Rs4,100,003
Ob. Rs3,139,325
Oc. Rs3,839,625
Od. Rs3,149,417