Assume ABC expects to receive 20,000,000 in 90 days. A dealer provides a quote of $0.875/ for a currency forward contract to expire in 90 days. Suppose that at the end of 90 days, the underlying currencys exchange rate is $0.90/. Assume that settlement is in cash.

At expiration, what is ABC's payoff? [Hint: is this a Long, or a Short? Think about the actions by the long vs short in the context of foreign currencies. The long pays... gets...; the short pays... gets....]