The current price of a non-dividend paying stock is 100 and the continuously compounded risk-free annual rate of interest is 2%. You enter into a short position on 3 Call options, each with 6 months to maturity, a strike price of 95, and initial premium of $8.92. Simultaneously, you enter into a long position on 4 Call options, each with 6 months to maturity, a strike price of 110, and an option premium of $2.45. Assuming all 7 options are held until maturity, what is
(i) the maximum possible profit?
(ii) the maximum loss for the entire option portfolio? Include a labeled profit diagram to support your answer.