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Suppose that the treasurer of IBM has an extra cash reserve of $400,000 to invest for six months. The six-month interest rate is 4.8 percent

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Suppose that the treasurer of IBM has an extra cash reserve of $400,000 to invest for six months. The six-month interest rate is 4.8 percent per annum in the United States and 3.9 percent per annum in Germany Currently, the EUR/USD is 1.2248 and the six-month forward exchange rate is1 2332. The treasurer of IBM does not wish to bear any exchange risk. How much would IBM have if they choose to stay in the US? (USD, no cents)

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