ABC Company produces Hot Roiled Coil (aka a type of steel). The company expects to produce 155 units of steel 1.15 months from now. The company has an existing short forward to sell such 155 units at a price of 133.50 for delivery 1.15 months from now.

The yearly CCIR is 9.38% and the continuous storage cost of Steel is 4.85%. The current price of 1 unit of Hot Roiled Coil is $61.80.

Compute the value of the existing forward.