Question comes from Multinational Business Finance (ISBN: 97890133879872). Show work/equation.

An Excel workbook entitled FX Option Pricing is downloadable from this book's Web site. The workbook has five spreadsheets constructed for pricing currency options for the following five U.S. dollar/Japanese yen, eurolJapanese yen, U.S. dollar/British pound, and euro/British pound. Use the appropriate spreadsheet from the workbook to answer Euro/Japanese Yen. A French firm is expecting to receive JPY10.4 million in 90 days as a result of an export sale to a Japanese semiconductor firm. What will it cost, in total, to purchase an option to sell the yen at 0.0072/JPY