Lee, a single individual, turned 70 on November 13, 20X2. The fair market value of his 401(k) plan was $400,000, $425,000 and $385,000 on January 1, 20X2, January 1, 20X3, and January 1, 20X4, respectively. The factors, according to the Uniform Life Table, for ages 70, 71, and 72 are 27.4, 26.5, and 25.6, respectively. What is the amount of Lees initial required minimum distribution?

a. $14,528

b. $14,599

c. $15,510

d. $16,038