A shipper has the following cargo and associated freight costs:

$5\backslash$times $40-$ft containers said to contain electronic parts.

Invoice value of the goods: CAD $$100,000\mathrm{.}00$

Ocean freight Montreal$-$Antwerp per container: US $$600\mathrm{.}00$

Pre$-$carriage Toronto to Montreal all in$,$ per container: CAD $$200\mathrm{.}00$

All risk marine premium rate: $0\mathrm{.}45\%$

Exchange rate: US $$1\mathrm{.}00=$ CAD $$1\mathrm{.}20$

Based on the information provided, what is the $110\%$ CIP value?

Question $20$ options:

CAD $$105,070\mathrm{.}70$

CAD $$116,594\mathrm{.}32$

CAD $$115,577\mathrm{.}77$

CAD $$104,600\mathrm{.}00$