Spot and forward rates

Anderson Australian Imports has agreed to purchase 15,000 cases of Australian beer for 3 million Australian dollars at today's spot rate. The firm's financial manager, Linda Wilson, has noted the following current spot and forward rates:

	U.S. Dollar/Australian Dollar	Australian Dollar/U.S. Dollar
Spot	1.0750	0.9302
30-day forward	1.0714	0.9334
90-day forward	1.0638	0.9400
180-day forward	0.9842	1.0161

On the same day, Wilson agrees to purchase 15,000 more cases of beer in 3 months at the same price of 3 million Australian dollars.

a. What is the price of the beer in U.S. dollars if it is purchased at today's spot rate? Round your answer to the nearest cent. $ _____

b. What is the cost in U.S. dollars of the second 15,000 cases if payment is made in 90 days and the spot rate at that time equals today's 90-day forward rate? Round your answer to the nearest cent. $ _____

c. If the exchange rate for the Australian dollar is 0.9182 to $1 in 90 days, how much will Wilson have to pay for the beer (in U.S. dollars)? Round your answer to the nearest cent. $ _____