Please assist if you can!

The recent market data on the U.S. and UK are shown as: The spot rate of the UK pound $1.25/pound The 90-day forward rate: $1.27/pound The 180-day forward rate: $1.28/pound Interest rate (TB) in the U.S.: 4% (per year) Interest rate (TB) in the U.K: 2% (per year) If you have $1 million available for 3 months, where do you want to invest (assume no transaction costs)? b. As a manager for an MNC, you are asked to find out what would be the expected spot rate one year later (up to 3 decimal points). Using the above data and assuming the IRP condition holds, explain how you get the expected spot rate on year later. What would be the rate ($/pound)? [Tip: Use the IRP condition.]