Mara has been working for 30 years at CIBC and is ready to retire this year at the end of December. The financial institution's pension plan is a Defined Benefit Pension Plan (DBPP). What will be her annual pension if she earns a pension based on a rate of 2% that is calculated using her average best three consecutive years of income? She has provided her salary for the last 7 years.

2014 $77,000

2015 $76,200

2016 $79,800

2017 $77,800

2018 $79,150

2019 $80,125

2020 $80,125

1. $46,900
2. $80,125
3. $47,880
4. $79,800
5. $26,600