Charles is 45 years old and makes [tex]$40,000 per year. If he were to die, how much would the beneficiaries of his life insurance policy receive if they need 60% of his income?
\[
\begin{array}{|c|c|c|c|c|}
\hline
\text{Current Age} & 25 \text{ Years} & 35 \text{ Years} & 45 \text{ Years} & 55 \text{ Years} \\
\hline
\text{Current Gross Earnings} & 60\% & 60\% & 60\% & 60\% \\
\hline
\$[/tex]7,500 & 3.0 & 4.0 & 5.5 & 4.5 \\
\hline
\[tex]$9,000 & 3.0 & 4.0 & 5.5 & 4.5 \\
\hline
\$[/tex]15,000 & 3.0 & 4.5 & 6.0 & 5.5 \\
\hline
\[tex]$23,500 & 4.5 & 5.5 & 6.5 & 5.5 \\
\hline
\$[/tex]30,000 & 5.0 & 6.0 & 6.5 & 5.5 \\
\hline
\[tex]$40,000 & 5.0 & 6.0 & 6.0 & 5.5 \\
\hline
\$[/tex]65,000 & 5.5 & 6.0 & 6.0 & 5.0 \\
\hline
\end{array}
\]
A. [tex]$150,000$[/tex]
B. [tex]$240,000$[/tex]
C. [tex]$188,000$[/tex]
D. [tex]$140,000$[/tex]