The spot price of oil is $99 per barrel. The PV of the storage costs of storing oil are 5.4% of its price per barrel per year. The annualized risk free-rate is 2.50%, continuously compounded. Oil has no use before being consumed, and thus has no yield associated with it. What is the fair price of a 9-month futures contract on oil?

Group of answer choices

$93.30/barrel

$99.00/barrel

$100.87/barrel

$103.09/barrel

$105.04/barrel

$107.14/barrel