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A toy store regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sele, what would be the lowest possible price of a toy costing Tk.16 before any discount?

1. A Tk.5.60
2. B Tk.7.20
3. C Tk.8.80
4. D Tk.9.60