$($Transaction Exposure$)$Trident $-$ A U$.$S$.-$based company, has concluded a sale of telecommunications equipment to Regency $($U$.$K$.).$ A total payment of $2,000,000$ is due in $90$ days. The following table shows relevant exchange rates and interest rates. To hedge, the company is considering using $2,000,000$ put options with a strike of $$\frac{1\mathrm{.}55}{}.$ The minimum net receipt $($accounting for the cost$)$ from such options hedge is $ in $90$ days. $($Keep two decimal places$/)$

$\backslash$table$[[$Assumptions$,],[90-$day $\frac{A}{R}$ in pounds,Value$],[$Spot rate, US$ per pound $(\frac{\text{\$}}{}),2,000,000\mathrm{.}00$