You had a long position on a call option on the growth in Financial Companies Payroll System (FCPS) with a strike price of 210,500 jobs. The FCPS call contract pays $85 for every job created beyond the strike price.

a. What is the value of the option if job growth is 193,500? (Round your answer to the nearest dollar.)

Option value $

b. What is the value of the option if job growth is 217,000? (Round your answer to the nearest dollar.)

Option value $