14-An airline expects to purchase two million gallons of jet fuel in one month and decides to use heating oil futures for hedging. Suppose that the jet fuel standard deviation is 0.0313, the standard deviation of the stock price is 0.0263, and the correlation between futures and stock prices is 0.928.

Each heating oil contract traded by the CME Group is on 42,000 gallons of heating oil and the airline has an exposure to the price of 2 million gallons of jet fuel.

What is the number of future contracts required to hedge?