Charles earns $400,000 per year at Home Cleaning Services, Inc. where he has been employed for the last ten years. Home Cleaning Services sponsors a defined benefit plan that provides its employees with a benefit equal to 1.5% per year of service of the employees final compensation. At the current time, what is Charles' retirement benefit payable from the defined benefit plan? $39, 750. $60,000. $210,000. $265,000