You Expect to Deliver 400,000 Pounds of Milk to the Market

You expect to deliver 400,000 pounds of milk to the market in March. Today, you hedge your position at the closing price as shown in the table. Assume that the market price turns out to be 12.89 at the time you make your delivery in March. How much income did you receive in total from the hedged delivery of your milk?

A) $50,120
B) $51,120
C) $51,160
D) $51,320
E) $51,560