The spot exchange rate for the British Pound was $1.4255/. A company signs a contract to purchase goods that will be delivered in a year at a price of 400,000. A one-year call option contract has an exercise price of $1.50/ and allows for 10,000 to be traded. If the company purchases 40 calls and the spot rate at the time the contract is due is $1.3465/, how much will the company pay?