Your company expects to receive CAD 2,500,000 in 90 days. The 90 day forward rate for CAD is $0.80 and the current spot rate is $0.75. If you use a forward hedge, estimate the cost of hedging the receivable given that 90 days later, the spot rate for CAD 90 days later turns out to be $0.78 $50,000 $ 75,000