Caribou River.Caribou$$ River, Ltd$.,$ a Canadian manufacturer of$$ raincoats, does not selectively hedge its transaction exposure.$$ Instead, if the date of the transaction is known with$$ certainty, all foreign$$ currency$-$denominated cash flows must utilize the following mandatory forward cover$$ formula:

Caribou expects to receive multiple payments in Danish kroner over the next year. Kr is due in $90$ days; is due in $180$ days; and Kr is due in one year. Using the following spot and forward exchange$$ rates, What would be the amount of forward cover required by company policy for each$$ period?Caribou expects to receive multiple payments in Danish kroner over the next year. $Kr3,000,000$ is due in $90$ days; $Kr2,000,000$ is due in $180$ days; and $Kr950,000$ is due in one year.

Using the following spot and forward exchange rates, $,$ what would be the amount of forward cover required by company policy for each period?