General Electric (GE), an American company, is exporting medical equipment to Mexico, and is expected to receive 100m Mexican Peso in 3 months. Spot rate of the USD to Mexican Peso is 18.60, and the 3-month forward rate was 19.00. GE negotiated a forward contract with a bank to sell MXN Peso 100m forward in three months. Three months later, the spot rate of the USD/MXN Peso is 19.33. 

What is the total amount that GE will receive in USD?

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