A U.S. firm holds an asset in UK and considers selling it in one year. The firm faces the following scenario of the future spot rates in one year:

	State 1	State 2	State 3	State 4	State 5
Probability	20%	20%	20%	20%	20%
Spot rate ($/)	1.6	1.5	1.4	1.3	1.2
P*()	1200	1400	1600	1800	2000
P ($)	$1920	$2100	$2240	$2340	$2400

In the above table, P* is the pound price (local price) of the asset in UK held by the U.S. firm and P is the dollar price of the asset.

If the U.S. firm hedges against this exposure using the forward contract, the firm should enter a ______ (long/short) position in the amount of _______ forward contract at the forward price of $ ____/.