Your company will receive 25 million in 1 year from a German customer. You observe the following data

$: Spot Rate	$1.20:1.00		Cost of 1-year put or 1-year call Exercise Price of $1.24:1
$: Forward Rate	$1.26:1.00		Per of exposure	2 US cents
1 Yr. $ interest rate	8.5%		Per 25 million of exposure	$500,000
1 Yr. interest rate	5.0%

Assume the Euro strengthens to $1.30:1.00. What were the net proceeds from the receivable, adjusting for any hedging costs from the prior question. Answer in terms of millions of dollars.