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You are a U.S. exporter of soybeans and have just received an order from the U.K. You will deliver soybeans today to the buyer in

You are a U.S. exporter of soybeans and have just received an order from the U.K. You will deliver soybeans today to the buyer in the U.K. and receive a payment of 100,000 in one year. You are concerned about the dollar proceeds you will receive from this foreign sale in one year and decide to hedge your exchange rate risk using money market hedge. The current spot exchange rate is $1.40/, and the forward exchange rate is $1.35/. The U.S. interest rate is 5.00%, and the U.K. interest rate is 3.00%. What will be the total dollar proceeds from this sale in one year with money market hedge? Enter only the numeric portion of your answer.

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