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Three years ago, Sheila purchased a deferred annuity with a $25,0000 premium payment. Today, her contract is valued at $29,000. Assuming the contract contains a

Three years ago, Sheila purchased a deferred annuity with a $25,0000 premium payment. Today, her contract is valued at $29,000. Assuming the contract contains a standard surrender_free withdrawal provision, how much can Sheila take from the contract this year without incurring a surrender charge?

a. $0

b. $2,500

c. $2,900

d. $4,000

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