Cray Research sold a supercomputer to the Max Planck Institute in Germany on credit and invoiced 613.40 million payable in six months. Currently, the six-month forward exchange rate is $1.27/∈ and the foreign exchange adviser for Cray Research predicts that the spot rate is likely to be $1.22/∈ in six months. a. What is the expected gain/loss from a forward hedge?