Joe Smith, a Loyal Lessee of American Cars, Changes Cars

Joe Smith, a loyal lessee of American cars, changes cars exactly once every two years. Joe leases either a Ford or a Chrysler only. His leasing behavior is modeled as a Markov chain, and the transition matrix is given below.

If in year 4 (3rd lease) , Joe is equally likely to be leasing a Ford or a Chrysler (0.5 each) , what is the probability that he would lease a Chrysler next time (4th lease) ?

A) 0.45
B) 0.55
C) 0.5
D) 0.3