Problem
An Australian exporter has supplied goods to India and will receive 3 million Indian rupees (INR) in one year. The exporter expects that the INR will be selling at 12.99% premium against the Australian dollar (A$) in the one-year forward contract. The spot exchange rate is A$0.2924 and the exporter wants to sell INR3 million in the one-year forward contract. How much Australian dollar the exporter will make a profit after one year? (Enter the whole number without sign or symbol).