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:

Mandatory Forward Cover 0-90 days 91-180 days 180 days Paying the points forward 85% 70% 45% Receiving the points forward 100% 90% 50%

Caribou expects to receive multiple payments in Danish kroner over the next year.

Kr3 comma 800 comma 0003,800,000

is due in 90 days;

Kr 2 comma 300 comma 000Kr2,300,000

is due in 180 days; and

Kr800 comma 000800,000

is due in one year. Using the following spot and forward exchange rates,

Spot rate, Kr/C$ 4.75 3-month forward rate, Kr/C$ 4.78 6-month forward rate, Kr/C$ 4.80 12-month forward rate, Kr/C$ 4.82

what would be the amount of forward cover required by company policy for each period? What would be the Canadian dollar amount of forward cover required by company policy in 3 months?

(Round to the nearest cent.)