Last year the return on total assets in Jeffrey Company was 7.50%. The total assets were 4.3 million at the beginning of the year and 5.2 million at the end of the year. The tax rate was 30%, interest expense totaled $180 thousand, and sales were $6.6 million. Net income for the year was:

a. $315,000

b. $230,250

c. $176,250

d. $302,250