After graduation, 22 year old Michael works as a lumberjack in Devon for 12 months. He approaches an insurance company for a quotation for 200,000 term assurance. Processing costs for the insurer are 2,000. Using life tables, what is the expected cost for the life insurer?

Select one: a. 47.3

b. 94.1

c. 97.8

d. 103.4

e. 109.7