Boxing Co. is considering a project with Thailand's government. If it accepts the project, it will definitely receive one lump sum cash flow of 1 million Thai baht in five years. The spot rate of the Thai baht is $0.03. The annualized interest rate for a 3-year period is 14% in the U.S. and 7% in Thailand. Interest rate parity exists. Boxing plans to hedge its cash flows with a forward contract. What is the dollar amount of cash flows that Boxing will receive in five years if it accepts this project? O a. $50,900 O b. $36,300 O c. $47,300 O d. $51,200