XYZ company in the U.S. has an account receivable (A/R) due in 30 days, 11,000,000, from a Japanese buyer, ABC. ABC suggested that it would be willing to pay in cash now in yen if it was given 4.0% discount. Given the following information, for XYZ, the forward hedge is better than the cash deal by _________. - Spot rate, /$ = 112.00 - 30-day forward rate, /$ = 112.50 - 90-day forward rate, /$ = 114.50 - 180-day forward rate, /$ = 109.20 - ABC's WACC = 8.750% - XYZ's WACC = 9.000%.