Use the rates in the table below to answer the question Borrow (Monthly Compounding)) Investment (Monthly Compounding)) US 5.5 percent 5.3089 percent German 8.5 percent 8.2046 percent ----------- --------------------------- --------------------------- bid Dollars/Euro ask Dollars/Euro Spot 1.2100 1.2536 ----------- ---------------------------- ---------------------------- bid Dollars/Euro ask Dollars/Euro 6 month Forward 1.337 1.366 ----------- -------------------------- -------------------------- Strike Price Dollars/Euro Premium Cents/Euro 6 month PUT 1.275 1.172 Your company has a 422,013 Euro receivable due in 6 months. At what future exchange rate will the forward hedge and the option hedge have the same dollar value? State your answer to 4 decimal places but with no units. eg., 1.4456