You believe that the future value of the Australian dollar will be determined by purchasing power parity $($PPP$).$ You expect that inflation in Australia will be $3$ percent next year, while inflation in the United States will be $1$ percent next year. Today the spot rate of the Australian dollar is $$0\mathrm{.}80,$ and the one$-$year forward rate is $$0\mathrm{.}77.$ What is the expected spot rate of the Australian in one year? Do not round intermediate calculations. Round your answer to three decimal places.