7.ABC Company, a British company, expects to receive $10,000,000 in 30 days. It wants to hedge its foreign currency risk in the forward market. The forward price of the pound contract is 0.74...

7.ABC Company, a British company, expects to receive $10,000,000 in 30 days. It wants to hedge its foreign currency risk in the forward market. The forward price of the pound contract is 0.74 pounds/$. If the exchange rate at contract settlement were 0.75 pounds/$, ABC’s net overall inflow would be closest to:

A. 7,400,000 pounds

B. 7,500,000 pounds

C. -100,000 pounds