The Shirley State Bank has $80 million in transaction deposits subject to legal reserves. This bank must hold 3 percent legal reserves from $0 up to $43.9 million of transaction deposits and 10 percent legal reserves on any amount above this $43.9 million amount. What is this banks total legal reserves? Treat this problem as literal as possible from the information contained here, and not necessarily according to the textbook.

	A.	$1.449 million
	B.	$5.927 million
	C.	$2.700 million
	D.	$4.927 million
	E.	None of the other responses are correct.