What will be the approximate value of these exports in 90, Financial Management

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What will be the approximate value of these exports in 90

Assume the following information:

U.S. deposit rate for 1 year = 11%

U.S. borrowing rate for 1 year = 12%

New Zealand deposit rate for 1 year = 8%

New Zealand borrowing rate for 1 year = 10%

New Zealand dollar forward rate for 1 year = $.40

New Zealand dollar spot rate = $.39

Also assume that a U.S. exporter denominates its New Zealand exports in NZ$ and expects to receive NZ$600,000 in 90 days. You are a consultant for this firm.

Using the information above, what will be the approximate value of these exports in 90 days in U.S. dollars given that the firm executes a money market hedge?

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