You are given the following transition matrix. State Ending Starting A B C D Total Probability A 0.95 0.05 0 0 B 0.02 0.91 0.04 0.03 C 0 0.15 0.6 0.25 D 0 0 0 What is the probability that a C rated firm will survive in year 1? O A. 64% O B. 25% O C. 75% O D. 100% O E. 60%