Using the binomial option pricing model to find the value of a call option on 10,000 pound with a strike price of 12,500 euro. The current exchange rate is 1.5 euro per 1.00 pound and in the next period the exchange rate can increase to 2.40 euro/pound or decrease to 0.9375 euro/pound. (i.e. u=1.6 and d= 1/u=0.625). The current interest rate are ieuro=3% and are ipound=4%. Choose your answer.