(1 point) Utah Publishing, Inc. owns a weekly magazine called Valley Happenings, and sells annual subscriptions for $98. Customers prepay their subscription fee and receive 52 issues starting in the following month. The company also offers new subscribers a 25% discount coupon on its other weekly magazine called Dining & Dancing, which has a list price of $80 for an annual subscription. Utah Publishing estimates that approximately 10% of the discount coupons will be redeemed.

What amount of the total selling price should be allocated to the discount coupon?

a,$1.96

b,$1.60

c,$2.00

d,$2.45

e,$2.39

f,$7.40

g,$16.61

h,None of the above.