One of Modular Products (MP) customers would like to obtain a 6-month option to purchase 500,000 tables for $119 each. These tables currently sell for $110 each. Assume u equals 1.0994 and d equals .9096. What price should MP charge for this option if the annual risk-free rate is 3.2 percent? Round your answer to the nearest $100.

Group of answer choices

a. $338,400

b. $421,900

c. $598,100

d. $479,900

e. $533,600