The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one.

$ 5,000 left (1 chance in 8,400 )

$ 1,600 l(1 chance in 6,100)

$ 900 (1 chance in 4,100)

$ 400 ( 1 chance in 2,800)

Find the expectedvalue, rounded to the nearestcent, of the amount won for one entry if the cost of entering is 69 cents.

a.$0.48

b. $400.00

c. $0.53

d. $1.08