BB Industries receives an invoice dated November 18 for $2,250.00 with credit terms of 3/15, 2/25, N/45. A 5 1/4% penalty is charged for payments made after 45 days. Assuming payment is made on January 3, the amount due is:

Select one:

a. $2,250.00

b. $2,368.13

c. $2,205.00

d. $2,182.50

e. None of the above