Diwali Airlines Has a Contract That Gives It the Opportunity

Multiple Choice

Diwali Airlines has a contract that gives it the opportunity to purchase up to 10,000,000 gallons of jet fuel at $2.00 per gallon. The current market price of jet fuel is $2.26 per gallon. Diwali believes it will only need 6,000,000 gallons of jet fuel. What is the value of this opportunity?

A) $1,040,000
B) $9,040,000
C) $2,600,000
D) $1,560,000