Mr. Swaney, your client, is happy with your advise about call option strategies. He is amazed by the fact that he can estimate maximum losses and gains before hand. Following a meeting where you present multiple strategies and the respective profit diagrams, he comments that he is bearish about M, and thus a bear spread (using put options) seems the most suitable strategy to follow. Your recommend two put options with strike prices 127 and 156, which have put premiums of 10 and 14, respectively. You remind him that each put option contract controls 100 shares. Mr. Swaney mentions this month is particularly busy for him, so he will hold that portfolio until maturity, in May. In May, you are preparing a statement with all the trades executed on behalf of Swaney-Investments. You realize that the stock price is 96. What is the total profit you should report for this strategy. Please round your answer to the nearest three decimals