A grain elevator is considering a location for a new plant. A site is to be selected among Indiana, Illinois and California. All employees fall into two job classifications: Grain elevator operator (total annual payroll $2.5 million) and Truckman (total annual payroll $850,000). The rate for Grain Elevator Operator (SIC code: 8304) is 8.28 in IL (Illinois), 15.01 in CA (California) and 1.90 in IN (Indiana). The rate for Truckmen (SIC code: 7219) is 6.01 in IL, 7.66 in CA, 2.15 in IN. These are premium rates ($ per $100 payroll) The company will pay manual rates for the first three years. The rates for each job classification per $100 payroll and the two job classifications are given in table on prior page. The total cost of premiums (Prem) for 3 years in Illinois (IL) is: Question 14 options: $120,000 < IL Prem $180,000 $60,000 < IL Prem $120,000 IL Premium < $60,000 IL Premium > %50,000