Rachel, a project manager has calculated the fully loaded labor costs for a particular team member to be $10,000 and has sent it to the head of the Project Management Office (PMO) for approval. However, the head of the PMO has requested Rachel to provide her with the figure for the overhead rate so that she is able to check with the Finance Department on its accuracy. Given that the project team member is paid $50 per hour for 8 hours per day from Monday to Friday, and that the project duration is estimated for 4 weeks, what is the overhead rate 

a. Not enough information since it needs to be determined by the Finance Department 

b. 5 

c. 0.8 

d. 1.25