A US Firm Acquires a British Firm That Will Generate Cash

A U.S. firm acquires a British firm that will generate cash flows of 30,000 pounds next year and these cash flows will grow at 3% a year. If the British WACC is 9% and the spot exchange rate is $1.7/pound, what is the present value (PV) of the cash flows from this acquisition to domestic shareholders?

A) $820,000
B) $850,000
C) $870,000
D) $890,000