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Your company is about to sell equipment to a British buyer for GBP 1 , 0 0 0 , 0 0 0 to be received

Your company is about to sell equipment to a British buyer for GBP 1,000,000 to be received in 90 days. The following data are relevant:
Spot exchange rate 1.27 USD/GBP
90 day forward rate 1.2657 USD/GBP
Expected spot rate in 90 days 1.25 USD/GBP
WACC for your company is 10%
90 day pound deposit rate 8.0% p.a.
90 day pound borrowing rate 14.0% p.a.
90 day dollar deposit rate 6.0% p.a.
90 day dollar borrowing rate 8.0% p.a.
September put option in OTC market for 1,500,000 GBP; strike price 1.25 USD/GBP; 1.5% premium
If you perform a money market hedge, what is the amount of money you need to borrow in GBP?(use 2 decimals and no commas for thousands)

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