Due to the rising inflation, the Fed raised the interest rate multiple times since March 2022 , and reversed the QE, the USD is appreciating against other major currencies. The appreciation of the USD creates pressure on US corporations' EURO receiveable. One corporate customer comes to the bank that you work for to hedge the Euro 1.5 million receivable due in 8 months. The following information shows up on your screen: Spotexchange rate: $1.0234/6$1.0256/6 US 8 -month interest rates are 3.95% for investing and 5.55% for borrowing. EU 8 month interest rates are 12596 for investing and 36% for borrowing Please remember: interest rates are quoted as annualized rates The bank that you work for demands a 0.45% profit margin for all forward contracts. How much is the forward quotation thatyou will provide to your corporate customer