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An Australian company has an outstanding account receivable of USD 5 million on Jan 1 2 0 2 3 . If the spot exchange rate

An Australian company has an outstanding account receivable of USD 5 million on Jan 12023. If the spot exchange rate was AUD1.5/USD on Jan 12023; and the inflation rate in Australia was 5% in 2023, and the inflation rate in the US is 10% in 2023. Suppose the exchange rate is AUD1.6/USD on Jan 12024. If the company didn't hedge this cashflow, how much are the inflation-adjusted account receivable and nominal account receivable in AUD at Jan 12024?

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