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In six months, a cereal company plans to sell 20,000 boxes of "Com Crisps" for $4.00...

In six months, a cereal company plans to sell 20,000 boxes of "Com Crisps" for $4.00 per box and will need to buy 10,000 bushels of com to do so. In doing so, it also incurs non-com costs of $30,000. The current spot price of com is $4.70 per bushel, and the effective six-month interest rate is 3 percent. The company will hedge by purchasing call options at $0.62 with a strike price of $4.70 per bushel. What total profit would the company earn if the market price of com in six months is $4.10, $4.50, $4.90, and $5.30, respectively?

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