Assume the following information:

U.S. interest rate for 1 year	=	10%
Swiss interest rate for 1 year	=	11%
Swiss forward rate for 1 year	=	$0.41
Swiss franc spot rate	=	$0.40

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Also assume that a U.S. importer pays its Swiss imports in Swiss francs. In one year, it must pay SF600,000. Using the information above, what will be the approximate of the imports in U.S. dollars if the firm executes a money market hedge? Show your work and describe the steps you are taking for full credit