You work as a financial analyst for Pan Demic Airlines and have decided tohedge the company's exposure to jet fuel prices. The change in price of jet fuel has a correlation of 0.19 with crude oil futures price changes. Pan Demicwill lose $1 million for each 1 cent increase in the price per gallon of jet fuel over the next three months. The jet price change has a standard deviation that is 20% greater than price changes in crude oil futures prices. How many crude oil futures contracts should be traded in order to hedge Pan Demic's exposure to jet fuel price risk? Each contract is on 42,000 gallons of crude oil.