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Wildhorse Equipment purchased machinery from a Japanese firm and must make a payment of 277,230,000 in 45 days. The bank quotes a forward rate of

Wildhorse Equipment purchased machinery from a Japanese firm and must make a payment of 277,230,000 in 45 days. The bank quotes a forward rate of 120.00/$ to buy the required yen. What is the cost to Wildhorse in U.S. dollars? (Round answer to 2 decimal places, e.g. 15.25.)

Cost of equipment $

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