I will thumbs up correct anwser.

Gasworks, Inc., has been approached to sell up to 6 million gallons of gasoline in three months at a price of $4.35 per gallon. Gasoline is currently selling on the wholesale market at $4.00 per gallon and hasa standard deviation of 56 percent. If the risk-free rate is 5 percent per year, what is the value of this option? Use the two-state model to value the real option. (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of contract