You believe that IRP presently exists. The nominal annual interest rate in Mexico is 20%. The nominal annual interest rate in the US is 2%. You expected that annual inflation will be about 8% in Mexico and 5% in the US. The spot rate of the Mexican peso is $.15 per Mexican peso. You will receive 1 million pesos on one year. Determine the amount of dollars that you will receive if you use a forward hedge. Also determine the expected amount of dollars that you will receive if you do not hedge and believe in purchasing power parity.