Parker is a participant in his employers traditional defined benefit pension plan. The XYZ Company Pension Plan provides an annual benefit of 2% times the years of participation times the average of the final three years of salary. Parker has worked for XYZ Company for the last 30 years and earned $200,000 two years ago, $150,000 last year, and $250,000 this year. If he is retiring this year, how much should he expect to receive as an annual pension benefit?

a. $200,000

b. $185,000

c. $160,000

d. $120,000