Suppose that Retrojo Inc. is a U.S. based MNC that will need to purchase F$1.70 million (Fijian dollars, F$) worth of imports from Fiji in 90 days. Currently, the spot rate for the Fijian dollar is $0.73 per F$.

Suppose that Retrojo negotiates a forward contract with a bank, which commits it to purchasing Fijian dollars at F$1,700,000.00 at $0.73 per Fijian dollar in 90 days. Thus, Retrojo knows with certainty that it will need F$1,700,000.00$0.73 per Fijian dollars=$1,241,000.00F$1,700,000.00$0.73 per Fijian dollars=$1,241,000.00 for this exchange.

If the Fijian dollar depreciates over this time period, to $0.60 per Fijian dollar, then only ______________ (U.S. dollars) would be needed to exchange for the required F$1,700,000.00.