Pandora corporation has purchased currency put options to hedge a 98,000 euro receivable. the premium is $0.06 (per unit of euro) and the exercise price of the option is $1.15 per euro. If the spot rate at the time of maturity is $1.10 per euro, what is the total amount of dollars received (after accounting for the premium paid)?

A)$106,820 B)$113,680 C)$118,580 D)$112,700 E)$101,920