Qantas faces a 2% chance of a potential loss of $600 million next year. Suppose market returns are 8%, and Qantas, which has a beta of 1.5, earns a return of 9%. If the risk of the loss is diversifiable for insurance companies, the actuarially fair cost of full insurance is closest to: Select one: a. $12,00 million b. $11.32 million c. $11.01 million d. $11.43 million