A value weighted index consists of 4 stocks whose total market value at the end of year T was $500,000. At the end of year T + 1, the market value of this index had risen by 28%. Assuming that year T is the base year and a base value of 40, what should be the value of this index at the end of year T + 1? Group of answer choices

45.2

40

60.7

51.2