19 LL Stanley Retail Banking offers two types of checking accounts: Student and Premier. The controller accumulated the following cost data for the bank's activity-based costing (ABC) system. Activity Driver Student Activity Premier Rate Processing Number of $0.55 per deposits deposits 155.750 200,575 deposit Customer Number of $1.50 per 75,235 35.900 service inquiries inquiry Cashing Checks checks cashed check 400,250 345,600 $0.75 per The bank currently has 10,565 student checking accounts and 15,562 premier checking accounts. What is the cost per checking account incurred by the bank to provide student checking accounts? (Round your final answer to two decimal places.) $47.20 $38.68 $8.83 O $41.66 None of the above