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Comcast, Inc. had property valued at $1,560,000 and insured for $936,000. The fire insurance policy contained an 80% coinsurance clause. Comcast suffered a $280,000 fire

Comcast, Inc. had property valued at $1,560,000 and insured for $936,000. The fire insurance policy contained an 80% coinsurance clause. Comcast suffered a $280,000 fire loss. How much would be paid by the insurance company?

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$210,000

$280,000

$224,000

$56,000

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