IBM purchased computer chips from NEC, a Japanese electronics concem, and was billed 250 million payable in three months. Currently, the spot exchange rate is $110 per dollar and the three-month forward rate is $100 per dollar. The three-month money market interest rate is 10 percent per annum in the US and 9 percent per annum in Japan. The management of IBM decided to use a money market hedge to deal with this yen account payable. Required: What is the dollar cost of meeting the yen obligation in three months? Note- Do not round intermediote colculations. Round your final answer in whole dollars not in millions