Wendy is a very generous single woman. Prior to this year, she had given $11,180,000 in taxable gifts over the years. In the current year, Wendy gave her daughter Rachel $500,000 and promptly filed a gift tax return. Wendy did not make any other gifts this year. How much gift tax must Wendy pay the IRS because of this transaction? a. $0. b. $15,000. c. $194,000. d. $200,000