A US importer is concerned about the appreciation of EUR against USD due to EUR payables of EUR100,000,000 in three months. To hedge the position, importer decides to use futures markets. Currently, CME (Chicago Mercantile Exchange) EUR contracts (125,000 each) with the closest maturity are traded at USD1.3500 per EUR. The futures contract will expire one week after the due date of payables. Suppose the importer takes a futures position on an amount equal to its EUR payables at USD1.3500. Suppose, on the day the Futures contract is liquidated the Euro futures price is 1.3100 per EUR and the EUR/USD spot rate is 1.3150. Calculate the effective amount of USD the company will pay for its 100m EUR payable