A gold$-$mining firm is concerned about short$-$term volatility in its revenues. Gold currently sells for $$1,030$ an ounce, but the price is extremely volatile and could fall as low as $$950$ or rise as high as $$1,110$ in the next month. The company will bring $1,000$ ounces to the market next month.

Note: Enter your answers in millions rounded to $2$ decimal places.

What will be total revenues if the firm remains unhedged for gold prices of $$950,$ $$1,030,$ and $$1,110$ an ounce?

The futures price of gold for delivery one month ahead is $$1,304.$ What will be the firm's total revenues at each gold price if the firm enters into a one$-$month futures contract to deliver $1,000$ ounces of gold?

What will be total net revenues if the firm buys a one$-$month put option to sell gold for $$1,030$ an ounce? The put option costs $$116$ per ounce.