Given the information that a shipment has an invoice value of $$10,000,$ plus shipping charges of $$750,$ and requires $110\%$ CIP coverage at an all$-$inclusive insurance rate of $0\mathrm{.}25\%,$ what would your insurance premium cost?

Question $1$ options:

$$290\mathrm{.}64$

$$37\mathrm{.}24$

$$2\mathrm{.}50$

$$29\mathrm{.}64$