You finally make it home after a long day. Your uncle Sam stops by and mentions that he needs a quick favor. Gladly, it is not related to taxes! One of his main customers has requested to buy 5,000 pounds of coffee. The only problem is that the customer wants the delivery to take place one year from now. You quickly take a look at the prices of coffee today. Each pound is being traded at $8. Storing the 5,000 pounds for one year entails a cost of $243 and by doing so, your uncle also has an opportunity (financial) cost. The current interest rate is 5%. After doing the math, you give your uncle Sam the price at which he should enter into this forward contract. Given that there is a possibility of shortages in coffee one year from now, you added $1,000.00 to your suggested (total) contract price, as a premium to compensate for price uncertainty. *Round your answer to the nearest three decimals if needed. Do not type the $ symbol