Gladchemist Inc., a US based corporation, expects to receive a payment of SF 501,000 in one year. The corporation plans to use a money market hedge to cover this position. The current spot rate is $1.15/SF. The current one year US interest rate is 6.4% and the current one year Swiss interest rate is 7.7%. If the corporation must borrow the required funds in the foreign currency, how much will the corporation receive in one year? Submit your final answer in dollars rounded to two decimal places (Ex. $0.00).