Consider an existing old long forward contract with delivery price of $0.5312 per DM. The contract was for the delivery of 1 million Marks. This old contract would expire in two months. Assume that now is March 1999 and the March spot Dollar-DM exchange rate was $0.6125. The U.S. and German interest rates (annualized, continuously compounded) were r = 6% and = 7.5%, respectively. What was the value in March of this long forward contract? (please take the contract size into your consideration.)