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 1,800,000. 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? 1 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.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Date February 1 March 1 Event Spot Rate (S= 1.00) June 1 August 1 September 1 1.7577 1.7935 1.7109 Price quotation for Pegg Contract signed for sale Contract amount, pounds Product shipped to Pegg Product received by Pegg Pegg makes payment 1.7922 1.7844 1.7373 177 1.7444 1,800,000 Forward Rate (S= 1.00) Days Forward 210 180 1.7501 90 1.7914 30 Print Done - X