Forward versus Money Market Hedge on Receivables. Assume the following information:

180day U.S. interest rate = 0.08

180day British interest rate = 0.10

180day forward rate of British pound = $1.42

Spot rate of British pound = $1.48

Assume that Banc Corp. from the United States will receive 421,000 pounds in 180 days. How much more (or less) would the firm receive in 180 days if it uses a forward hedge instead of a money market hedge?