Calculating Forward Exchange Rate for Currency Forwards

ABC Corporation is a US-based company that plans to import machinery from Germany for a cost of €1,000,000, to be paid in six months. The current spot exchange rate is 1.10 USD/EUR. ABC is concerned that the Euro might appreciate against the USD by the time the payment is due. To hedge this currency risk, ABC decides to enter into a forward contract to buy Euros at a forward rate. The risk-free interest rate in the US is 2% per annum, while the risk-free interest rate in Germany is 1% per annum.

What forward exchange rate should ABC Corporation expect to pay for the Euros in six months?