Suppose there is a one-year put option on the May BP futures contract with an exercise price of $1.471429/, contract size of 62,500, and trading at $0.02/. Explain how ESPN could set a floor on its dollar revenue in May with the British pound futures put option. How many contracts would they need to set up the floor? Show in a table ESPN's May dollar revenue from converting10,000,000, the intrinsic values of the BP futures put, the long put position's cash flow, and the put-insured dollar revenue on the May expiration date for possible spot exchange rates of $1.00/, $1.20/, $1.30/, $1.40/, $1.50/, $1.60/,$1.70/, $1.80/, $1.90/, and $2.00/. Assume the expiring futures price is equal to the spot $/ exchange rate.