Suppose that one U.S. MNC, through an international trade transaction with a Chinese MNC, will receive CNY 12,000,000 in 3 months. However, due to the Chinese governments capital control, the transaction wont be completed with the full payment. Therefore, two parties agree to settle this transaction down with the non-deliverable forward contract. Show how this non-deliverable forward contract works and also show the profit, if any, with the spot exchange rate at maturity date of $0.1782/CNY and 3-month forward rate is $0.1775/CNY.