The company makes colorful 100% cotton shirts that are very popular among sophisticated business executives. The company uses 50,000 pounds of cotton each month in its production process. On December 1, 2017, the company purchased a call option to buy 50,000 pounds of cotton o January 1, 2018. The option exercise price is PO.46 per pound. It cost the company P1,650 to buy this option. As with most derivative contracts, this option contract will be settled by an exchange of cash on January 1, 2018 based on the price of cotton on that date.Assuming the price of the cotton per pound on that date is 0.32, compute the total amount (including all option-related cash flows) that the shirt company will pay 50,000 pounds of cotton in January 1. 17.650 O (17,650) O 16,650 O (16,650)