1. An Australian exporter has supplied goods to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the INR will be selling at 13.37% premium against the Australian dollar (A$) in the one-year forward contract.The spot exchange rate is A$0.2537 and the exporter wants to sell INR2 million in the one-year forward contract. How much Australian dollar the exporter will make a profit after one year? (enter the whole number without sign or symbol)
2. Austal Ship plans to borrow 2.97 million Australian dollars (A$) for three years. It obtains a floating rate loan from a bank at the interest rate equal to the LIBOR + 2.58 (%). Austal Ship also forecasts 3.52%, 4.43%, and 4.78% LIBOR in year1, year2, and year3, respectively. How much total interest Austal Ship needs to pay for A$2.97 millions in three years of the loan period? (enter the whole number without sign or symbol)