On March, A Japanese company expected to pay 1 million of USD in July. The current spot exchange rate is 130 yen per dollar, September futures price is currently 138 yen per dollar. At the end of July, the spot exchange rate is 132 yen per dollar and September futures price is 135 yen per dollar. By hedging with the September futures contract, what is the net exchange rate after hedging? How much the Japanese company will pay in terms of yen after hedging?