Diwali Airlines Has a Contract That Gives Them the Opportunity

Multiple Choice

Diwali Airlines has a contract that gives them 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 they will only need 6,000,000 gallons of jet fuel.What is the value of this opportunity?

A) $1,560,000
B) $2,600,000
C) $1,040,000
D) $9,040,000
E) $12,000,000