Use the following quotes for JCPenney stock options: The Money List Straddle November 27, 2015 Calls Strike Contract Name Last Ask Change Change Volume 8.00 1.62 1.79 1.89 0.00 0.00% 12 9.00 0.98 1.00 1.10 0.00 0.00% 6 9.50 JCP151127C00008000 JCP151127C00009000 JCP151127C00009500 JCP151127C00010000 JCP151127C00010500 0.74 0.69 0.78 0.00 0.00% 13 1000 0.40 0.44 0.48 0.00 0.00% 24 10.50 0.28 0.26 0.29 0.03 12.00% 19 11.00 JCP151127C00011000 0.16 0.15 0.18 -0.01 -5.88% 51 Puts Puts Strike Last Bid Ask Change Change Volume 0.06 0.03 0.08 0.00 0.00% 24 7.00 8.50 9.00 Contract Name JCP151127P00007000 JCP151127P00008500 JCP151127P00009000 JCP151127P00009500 0.31 0.18 0.21 0.00 0.00% 9 0.41 0.29 0.33 0.00 0.00% 10 0.65 0.47 9.50 0.00 0.50 0.00% 32 If you wanted to purchase the right to sell 2,500 shares of JCPenney stock in November 2015 at a strike price of $7.00 per share, how much would this cost you? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Total cost