Question 16 5 pts 16. The spectacular park like grounds of the oceanfront 1.7 acre Twin Points Estate in Laguna Beach may be one of the most unique and highly prized private waterfront properties in Southern California. The historical prices of the home, in millions of dollars, are listed in the table below: Year Price 2019 50 2018 48 2017 45 2016 40 2015 35 2014 30 As shown in the table, the current price of the home is $50 million. Assume the Black- Scholes framework for option pricing holds and the risk-free annual continuously com- pounded interest rate r = 2%. The owner of the home is seeking your advice in negotiating the price of selling a Eu- ropean option to buy his home for $50 million on a fixed date in exactly 2 years to a prospective buyer. What price should the owner ask for this option? Please round your numerical answer to the nearest integer dollar