A bakery sells strawberry muffins for $44 per muffin. The bakery will need to buy 100 kilograms of strawberries in six months to produce the 1,600 muffins. Non-strawberry costs total $3,000. Assume that the continuously compounded risk-free interest rate equals 0.04. Local farmers are financially sophisticated. Our bakery uses one hundred $1.8 - strike, six-month put options (each on a kilogram of strawberries) to hedge against risking prices of strawberries. The puts can be bought for $0.2 per put. Assume that the market price of a kilogram of strawberries is $1.7 in six months. What is the profit of the bakerys hedged portfolio?