A U.S. compory has committed to pay 9 milion kronor to a Swedish company in one year. What is the cost (in present valuel of covering this liability by buyng kronor forward? The Swedish interest rate is 12%, and exchange rates are shown in \begin{tabular}{|l|l|l|l|l|l|} \hline Canada (dollar) & CAD & 1.2881 & 1.2854 & 1.2841 & 1.2820 \\ \hline Chile (peso) & CLP & 635.93 & 635.77 & 636.62 & 639.14 \\ \hline Mexico & MXN & 19.131 & 19.417 & 19.728 & 20.371 \\ \hline Pacific/Middle East/Africa: & & & & & \\ \hline Australia (dollar) & AUD & 1.3077 & 1.3082 & 1.3084 & 1.3084 \\ \hline China (yuan) & CNY & 6.6076 & 6.6542 & 6.6947 & 6.7668 \\ \hline India (rupee) & INR & 64.148 & 64.358 & 65.407 & 66.676 \\ \hline Israel (shekel) & ILS & 3.5144 & 3.5010 & 3.4854 & 3.4511 \\ \hline Japan (yen) & JPY ory & 112.61 & 111.94 & 111.34 & 109.99 \\ \hline New Zealand (dollar) & NZD & 1.4294 & 1.4312 & 1.4323 & 1.4339 \\ \hline South Africa (rand) & ZAR & 13.180 & 13.365 & 13.555 & 13.942 \\ \hline South Korea (won) & KRW & 1.089 .2 & 1.087 .3 & 1.085 .7 & 1.082 .1 \\ \hline Turkey (lira) & TRY & 3.8676 & 3.9739 & 4.0899 & 4.3306 \\ \hline \end{tabular}