Monique grows and exports cocoa. Her crop was partially ruined in a storm, so she needs to purchase 20 tons of cocoa in three months to meet prior contractual obligations. Monique wants to hedge against price changes. Each futures contract is for 10 metric tons. The current quote for the contract is 1,447 per ton. Monique should _ 2 futures contracts with a total contract value of:

a. Buy; $28,940

b. Buy; $289,400

c. Sell; $28,940

d. Sell; $289,400

e. Buy; $14,470