Harvey is the sole proprietor of a barbershop, has no employees, and operates in a leased building with a five-year renewing contract. Harvey is concerned that he could lose customers if his leased building is damaged due to a business interruption. Harvey's insurance producer has advised him to consider purchasing a Business Income Coverage Form. Harvey's projected annual income is $50,000 and his probable maximum loss (PML) is $34,000. Assuming Harvey selects the lowest coinsurance percentage that provides him with adequate protection, Harvey needs to purchase business income insurance in the amount of 

A $10,000.

 B $35,000. 

C $45,000. 

D $50,000.