A currency analyst is examining the exchange rate between the USD and the EUR. The analyst observes the following market data:

• Current USD per EUR 1 exchange rate: 1.13

• Current USD-denominated 1-year risk-free interest rate: 2.7% per year

• Current EUR-denominated 1-year risk-free interest rate: 1.7% per year

According to interest rate parity, what is the 2-year forward USD per EUR 1 exchange rate?