What is the dollar cost average price over a 6 month period given the following information?

Annual Gross Salary = $50,000

Month 1, 2, 3 Annual Contribution Rate as a % of Gross Salary = 3.00%

Month 4, 5, 6 Annual Contribution Rate as a % of Gross Salary = 4.50%

* Monthly contributions are used to purchase a security based on the below prices.

Security Prices

Month     Price

1             27.45

2             27.34

3             28.00

4             28.60

5             30.00

6             22.90

A. $27.38

B. $27.11

C. $10.42

D. $27.19

2. What is the maximum tax deferred amount that may be contributed to an employee's traditional 401K plan in 2016. In 2016, the employee is 55 years old and earned $52,000 in salary. His 401K plan allows maximum catch-up contributions.  He has always contributed the maximum allowable amount each year.

A. $24,000

B. $53,000

C. $58,000

D. $59,000