Your small multinational US business has a 40,000 Euro capital expense to purchase some tools made in Germany in 6 months. The 6 month EUR forward rate is 1.15. You are thinking of hedging 100% of the exposure using a forward contract. If the actual exchange rate in 6 months is 1.00, then what would be the US dollar gain or loss on your hedged exposure (step 3)?

a		($6,000) loss
b		$6,000 gain
c		(7,500) loss
d		$0 gain or loss