8. (10 points) Biogen expects to pay royalty payments totaling 1.25 million next month. It is interested in protecting these receipts against a rise in the value of the pound sterling. It can buy 40 pound call options (contract size 31,250) with a strike price of $1.6612 at a premium of 2 per pound. The spot price of the pound is currently S1.6513, and the pound is expected to trade in the range of $1.6250 to $1.7010. Biogen's treasure believes that the most likely price of the pound in 30 days will be S1.6560. Calculate Biogen's profit and loss on the call option position if pound settles at the lowest, most likely and the highest value