Please show how the Forward Premium is calculated.

Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of 13,400, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into a spreadsheet.) Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C\$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian dollar amounts to the nearest cent.)