You establish a straddle on Walmart using September call and put options with a strike price of $$97.$ The call premium is $$7\mathrm{.}85$ and the put premium is $$8\mathrm{.}60.$

Required:

a$.$ What is the most you can lose on this position? $($Input the amount as positive value. Round your answer to $2$ decimal places.$)$

$\backslash$table$[[$Maximum loss $,$$$,16\mathrm{.}45$