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Renaud has to pay 2 percent + 14 percent = 16 percent initial costs
We can establish a proportion:
If 100% is => $170,500
Then 16% => $C costs
$C = 16 x $170,500/100 = $27,280 initial costs
Total cost = $163,021.87 + $27,280 = $190,301.87
Answer : C.) $190,301.87