A copper fabricator needs to purchase 1,250,000 pounds of copper in one month and hedges using copper futures. One copper futures contract is for 25,000 pounds. The following historical data is available: The standard deviation of the spot price of copper for the hedging period is 0.0566 The standard deviation of the futures price during the hedging period is 0.0671 The correlation coefficient between the spot price and futures price during the hedging period is 0.712 What is the optimal number of contracts to short for the copper fabricator to hedge their position? Round to the closest contract amount and 0 decimal places