Bud Graham owns property in Salinas assessed at $250,000 and pays a property tax rate of $1.96 per $100 of assessed value. He also owns property in Modesto assessed at the same $250,000 and pays property tax at a rate of $21.50 per $1,000 of assessed value. What is Bud's total property tax bill for properties in both towns?
a. $10,275
b. $9,965
c. $11,045
d. $10,996
e. None of these choices are correct.