Suppose a producer or N-95 Respirator Masks exports some of its product up to Canada. It expects its invoice of C$18,000,000 for its export to Canada to be paid in 90-days. The current spot and the 90-day forward rates are $0.7502/$C1 and $0.7422/$C1 respectively.
a) Calculate the company's Canadian dollar transaction exposure associated with this fee.