Assume the following information:

U$.$S$.$ deposit rate for $1$ year

U$.$S$.$ borrowing rate for $1$ year

New Zealand deposit rate for $1$ year

New Zealand borrowing rate for $1$ year

New Zealand dollar forward rate for $1$ year

New Zealand dollar spot rate

$=1\mathrm{.}1\%$

$=5\mathrm{.}5\%$

$=1\mathrm{.}8\%$

$=,8\%$

$=,$$$\mathrm{.}80$

$=$$$\mathrm{.}90$

Also assume that a U$.$S$.$ exporter denominates its New Zealand exports in NZ$ and expects to receive NZ$$51,600,000$ in $1$ year. Suppose that you are a consultant for this exporter firm.

Using the information above, what will be the approximate value of these exports in $1$ year in U$.$S$.$ dollars given that the firm executes a money market hedge?