You enter into a long 2 year forward contract on crude oil when the spot price is $74.50 per barrel, the storage costs are $4.80 per barrel per annum payable in advance, and interest rates are 7.5% continuously compounded per annum for all maturities. (i.) Calculate the forward price of crude oil for delivery in 2 years and the initial value of the forward contract. (ii.) Six months later, the spot price of crude is now $80.50 and the rate of interest and cost of storage are unchanged. What are the forward price and the value of the forward contract?