Assume that ABC Co. negotiated a forward contract to purchase purchase 3 million in 60 days. The 60 day forward rate was $1.51 per British pound. The pounds to be purchased would be used to purchase British supplies. On the day the pounds were delivered in accordance with the forward contract, the spot rate of the British pound was $1.60. What was the real cost of hedging the payables for the US firm?

A) none of the choices are correct

B)270000

C)-270000

D)4800000

E)4530000