A company whose home currency is the dollar ($) expects to receive 500,000 pesos in six months’ time from a customer in a foreign country. The following interest rates and exchange rates are available to the company:
Working to the nearest $100, what is the six-month dollar value of the expected receipt using a money-market hedge？

A. $32,500
B. $33,700
C. $31,800
D. $31,900