You are considering making an investment in the United States of America (US). The investment will cost US$895,000. The cash inflow expected from this investment is US$5,000,000 in year 3. The current exchange rate is AUD/USD = 0.780. The risk free interest rate in the US is 0.84% p.a. and in Australia is 4.45%. Based on interest rate parity calculate the expected spot rate (AUD/USD) for year three. Your answer should be to four decimal places 0.0000