Please calculate NF* and show the steps. Thank you.

Example 4.8 On May 20, a corporate treasurer learns that $3.3 million will be received on August 5 . The funds will be needed for a major capital investment the following February. The treasurer therefore plans to invest the funds in six-month Treasury bills as soon as they are received. The current yield on six-month Treasury bills, expressed with semiannual compounding, is 11.20%. The treasurer is concerned that this may decline between May 20 and August 5 and decides to hedge using Treasury bill futures. The quoted price for the September T-bill futures contract is 89.44. In this case the company will lose money if interest rates g down. The hedge must therefore provide a positive profit when rates go down or, equivalently, when Treasury bill prices go up. This means that a long hedge is required