Rick Corporation purchased a vein of coal ore for $3,500,000. It is estimated that 25,000,000 tons of ore are available to be extracted. The residual value is determined to be $150,000. The estimated depletion rate for each ton of ore (rounded to the nearest cent) is:

Select one:

A.

$1.40.

B.

$0.15.

C.

$0.13.

D.

$.014

E.

$0.14.