RadioEdison Manufacturing. Carla Surz is the director of finance for RadioEdison Manufacturing, a U$.$S$.-$based manufacturer of handheld computer systems for inventory

management. RadioEdison's system combines a low$-$cost active RFID $($radio frequency identification$)$ tag that is attached to inventory items $($the tag emits an extremely low$-$grade radio frequency$)$

with custom designed hardware and software that tracks the low$-$grade emissions for inventory control. RadioEdison has completed the sale of an inventory management system to a British firm,

Pegg Metropolitan $($UK$),$ for a total payment of $1,600,000.$ The exchange rates shown in the popup window, $,$ were available to RadioEdison on the dates shown, corresponding to the events of

this specific export sale. Assume each month is $30$ days.

a$.$ What will be the amount of foreign exchange gain $($loss$)$ upon settlement?

b$.$ If Carla hedges the exposure with a forward contract, what will be the net foreign exchange gain $($loss$)$ on settlement?

a$.$ What will be the amount of foreign exchange gain $($loss$)$ upon settlement? Enter a positive number for a gain or a negative number for a loss.

$($Round to the nearest dollar.$)$