As it turns out, you were correct when you purchased 3 contracts for feeder cattle at $1.544, as the spot price on cattle rose to 1.639 on the delivery date given in your contracts. You were required to put down 8%. How much money did you make? What was your return on invested capital? (There are 50,000 pounds in one contract for feeder cattle.)

The amount of money made, or your profit, is $ enter your response here. (Round to the nearest dollar.)

Part 2

Your return on invested capital is enter your response here %.

(Round to two decimal places.)