EURO-MED, is a giant pharmaceutical distributer in Europe. The company made a deal to import medicine worth 50 million USD from the US, to be delivered in November 2022. The current USD/EUR exchange rate is 0.83. EURO-MED is worried that the exchange rate would go up hence they decided to hedge their position using call option with an exercise price of 0.85 and a premium of 0.01. After 9 months, if the spot rate of USD/EUR is 0.92, will EURO-MED exercise the option? What is the total amount in EUR that EURO-MED will pay?