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The treasurer of a major Canadian firm has CAD$30 million to invest for three months. The annual interest rate in Canada is 0.21 percent per

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The treasurer of a major Canadian firm has CAD\$30 million to invest for three months. The annual interest rate in Canada is 0.21 percent per month. The interest rate in the United Kingdom is 0.57 percent per month. The spot exchange rate is c0.64, and the threemonth forward rate is 50.65. What would be the value of the Investment if the money is invested in CAD and Great Britain? (Do not round intermediate colculotions. Round the final answer to 2 decimal places, Enter the answer in dollars. Omit " $ " sign in your response.)

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