Carina felt she no longer needed her whole life insurance policy with a face value of $500,000 and a maximum cash value of $100,000. The cash value has an adjusted cost base of $60,000 the the remaining $40,000 was subject to tax at a 40% tax rate. She cancelled the policy and then paid tax and invested the net after tax amount into an equity fund earning 8% compounded annually. What will the value of the investment be if she dies 20 years later?

options:

A.$279,657

B.$391,520

C.$322,568

D.$466,096