ABC Corporation, based in the United States, is planning to expand its operations into Europe and expects to receive €5 million in six months. To hedge against the risk of a potential appreciation of the Euro against the US Dollar, ABC Corporation decides to enter into a currency forward contract to lock in the exchange rate. The current spot exchange rate is $1.20 per Euro, and the six-month forward exchange rate is quoted at $1.25 per Euro.
Given this scenario, what will be the amount in US Dollars that ABC Corporation would receive from the currency forward contract if they lock in the forward rate?