A call option exists on British pounds with an exercise price of $1.16, a 90-day expiration date, and a premium of $.025 per unit. A put option exists on British pounds with an exercise price of $1.17, a 90-day expiration date, and a premium of $.035 per unit. You plan to purchase options to cover your future receivables of 850,000 pounds in 90 days. VELVET REVOLVERS Corp. will exercise the option in 90 days (if at all). If the spot rate of the pound ends up being $1.14 in 90 days determine the net amount of dollars to be received in 90 days.