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A financial intermediary's balance sheet is such that D A = 5 , D L = 3 . This F I has $ 3 0

A financial intermediary's balance sheet is such that DA=5,DL=3. This FI has $300 million in assets and net worth (equity) of $50 million.
The FI has access to futures on 6-month commercial paper. This paper is trading at $0.94 per dollar and the futures contract covers $1,000,000 face value. How many contracts does the FI require if it uses the commercial paper futures contract to fully hedge its core exposure? (Note: Commercial paper is a zero-coupon asset.)
Round your final answer to the nearest whole number.
The FI needs to
contracts.
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