Please show your work on how you came up with the answer.

To prepare for a new CDI program, an HIM manager must include 4 new full-time equivalent coders in the department labor budget. At an average salary of $25 per hour, nonproductive hours of 15%, and anticipated 50% productivity reduction due to ICD-10, what is the projected annual salary expense?

a) $104,000

b) $176,000

c) $208,000

d )$353,000