An analyst has constructed a log linear time series model based on monthly sales (in millions of dollars) as follows: ln(Salest) = b 0 + b 1 t. Her regression output indicates that b 0 = 0.02 and b 1 = 0.022. If time 1 is January 2009, the predicted value of sales for December 2010 is closest to:

$0.58 million.

$1.09 million.

$1.73 million.