Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley. As a British resident, you are concemed with the pound value of your U.S. equity position. Assume that if the American economy booms in the future, your equity stake will be worth $1,000,000, and the exchange rate will be $1.40/E. If the American economy experiences a recession, on the other hand, your American equity stake will be worth $500,000, and the exchange rate will be $1.60/E You assess that the American economy will experience a boom with a 70 percent probability and a recession with a 30 percent probability. Which of the following would effectively hedge your exchange risk exposure? [Pick the closest number for your answer.] Sell E4,511,976 forward Buy $3,445,231 forward Buy f,3,445,231 forward Sell $4,511,976 forward