2. Implications of IRP (2 points). Assume that IRP holds. You expect that the one-year nominal interest rate in the U.S. is 4%, while the one-year nominal interest rate in Australia is 9%. The spot rate of the Australian dollar is $.65. You will need 10 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract?