Jennifer and Chad Armstrong have a homeowner's policy with contents replacement-cost coverage for personal property up to 50 percent of the insurance on their home. What will the insurance company pay for their stolen property under the following situation?

Insured value of house	$90,000
Deductible	$500
Actual cash value of stolen property	$20,000
Replacement value of stolen property	$35,000

Select one:

a. $35,000

b. $44,500

c. $19,500

d. $34,500