Question 4 (20 points) Ed's Electrical, located in Cleveland, performs all types of plumbing jobs and has total covered payroll of $300,000. After an evaluation, it was determined that the proper code is 7632 and the rate per $100 is $9.04. Ed's Electrical has an experience modifier of .92. The expense constant is $300. The minimum premium for this class code is $2,250. The premium discounts for premiums between $25,000-$40,000 is 5.00%, what is the appropriate deposit premium for this policy (rounded to the nearest dollar)? $27,420 $25,250 $24,003 $23,703