A firm has a receivable of $\pounds 2,800,000\mathrm{.}00.$ They hedge this exposure with a forward participation contract with a guaranteed rate of $$1\mathrm{.}7857/\pounds$ and a participation rate of$\mathrm{ 2}5\%.$ If at the time of payment the spot price ends up equal to $$1\mathrm{.}9464/\pounds ,$ how much did the firm end up with?