Anticipating that the stock of Stodgy, Co. , currently trading at $103.77, is not going to move very much over the next 3 months, you decide to enter into a short strangle position. You sell a call with a strike price $5 higher than current market price, and a put with a strike price $5 lower than current market price, at premiums of $2.50 and $2.95, respectively.

What is the upper break-even stock price on this position?