Suppose today is March 27, 2018, and your firm produces breakfast cereal and needs 90.000 bushels of com in May 2018 for an upcoming promotion. You would like to lock in your costs today because you are concerned that com prices might go up between now and May. Use Table 25.2 a. What is the total price are you locking in for the 90,000 bushels of com based on the day's closing price? (Do not round intermediate calculations and round your answer to the nearest whole number, eg. 32) b. Suppose com prices are $4.09 per bushel in May. What is the profit or loss on your futures position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Total cost