The insurance carrier used by Best Security Systems specifies 75% coinsurance. The company recently incurred $696,000 in damages from a tornado. The building was valued at $877,000, but was only insured for $606,000. What amount will be paid by the insurance company for the loss? (Round your answer to the nearest cent)

a.) $696,000.00

b.) $641,240.59

c.) $578,495.07

d.) $592,750.00