Tolan Corp. is based in Maine and exports products to a Canadian wholesaler. Tolan will receive payment of C$500,000 in three months. On May 1, the spot rate of the Canadian dollar was $1.10, and the 3-month forward rate was $1.08. On that day, Tolan negotiated a forward contract with a bank to sell C$500,000 forward in three months. The spot rate of the Canadian dollar on August 1 is $1.05. Tolan will receive $ ________for the Canadian dollars.