Brown Corp, based in Washington, exports products to a German firm and will receive payment of 400,000 in three months. On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. On June 1, Brown negotiated a forward contract with a bank to sell 400,000 forward in three months. The spot rate of the euro on September 1 is $1.15. Brown will receive $____ for the euros.