Gasworks, Incorporated, has been approached to sell up to 2 million gallons of gasoline in three months at a price of $2.10 per gallon. Gasoline is currently selling on the wholesale market at $2.00 per gallon and has a standard deviation of 53 percent. If the risk-free rate is 4.5 percent per year, what is the value of this option? Use the two-state model to value the real option.