QUESTION 11 A U.S.company exported a product to a British company and will be receiving 20 million for the sale in three months. The current spot rate is $1.3000/. The three-month interest rates are 0.6 percent per annum in the United States and 2 percent per annum in the U.K, respectively. How much is the future value dollar proceeds for the U.S. company using the money market hedge? Round your answer to the nearest integer