You are a U.S. exporter of soybeans and have just received an order from the U.K. You will deliver soybeans today to the buyer in the U.K. and receive a payment of 100,000 in one year. You are concerned about the dollar proceeds you will receive from this foreign sale in one year and decide to hedge your exchange rate risk using forward contracts. Currently, the spot exchange rate is $1.41/, and the forward exchange rate is $1.46/. How should you hedge your foreign currency receivable using forward contracts, and what will be the total dollar proceeds with the forward hedge?