Monarch Machines sponsors a 16.5% money purchase pension plan and 401(k) profit sharing plan in which the employees are permitted to defer up to 75% of their compensation. Monarch Machines matches employee deferral contributions 100% up to 6% of deferred compensation. If James, age 31, is a highly compensated employee who earns $220,000, what is the maximum he could receive as an employer match from Monarch if the ADP of the NHC is 4% in 2020?

A. $8,800

B. $10,350

C. $13200

D. $19,500

Please provide an explanation to your answer.