In 2019, Sisca Corporation has sales of $150 million, and the cost of goods sold of $90 million. At the end of 2019, Sisca Corporation also has accounts receivable of $30 million, accounts payable of $33 million, and inventory of $24 million. Assume 365 days in a year.

Next year, Sisca Corporation is considering switching to a supplier in Ethiopia, a country in Africa, which uses Ethiopian Birr as its currency. Sisca Corporation wants to estimate how the exchange rate will affect its costs. The spot exchange rate for the Ethiopian Birr is 33 Birr/Dollar. The one-year interest rate in Australia is 2% and the one-year interest rate in Ethiopia is 4%. Based on these rates, what is the implied one-year forward exchange rate if markets are internationally integrated