Due to the integrated nature of their capital markets, investors in both the U.S. and U.K. require the same real interest rate, 2.5%, on their lending. There is a consensus in capital markets that the annual inflation rate is likely to be 3.5% in the U.S. and 1.5% in the U.K. for the next year. The spot exchange rate is currently $1.50/. What would be the forward dollar-pound (F($/)) exchange rate for one-year maturity according to PPP? (round to two decimal places)