Lufthansa (a German airline) has purchased a jumbo jet from Boeing(an American company) for Euro273.311 million. Boeing is expecting to receivepayment on July 5th. The current exchange rate is $1.3705 / Euroand the September Euro futures are trading at $1.2707 / Euro. The contract size is 125,000 Euros.

What is the effective dollar amount Boeingcan expect to receive, if spotrate on July 5th turns out to be $ 1.2112 /Euroand September futures' price on that day is $ 1.1653 / Euro? Provide your answer rounded to 2 digits.

Note that here there is no cross-hedging, so you don't have to worry about sensitivities, just about relative sizes of the futures contract and the amount needed, when you establish the number of contracts to buy/sell.