How much total indemnification will Missy receive for replacing her grain drill after a tornado damaged it and she has a policy with a replacement cost endorsement?

The total indemnification that Missy will receive for replacing her grain drill, given that she has a replacement cost endorsement on her policy, is determined by the replacement cost of the damaged item rather than its actual cash value (which would account for depreciation). With a replacement cost endorsement, the insurance policy will pay for the cost to replace the damaged property with a new item of similar kind and quality without deducting for depreciation.

In this scenario, if Missy's grain drill is valued at $40,000 at replacement cost, then she will receive this full amount to replace the damaged equipment. This aligns with the principles of indemnity, which aim to restore the insured party to their pre-loss financial position without allowing for any profit from the insurance claim.

The other figures provided do not correspond to the replacement cost of the grain drill as indicated by the information provided, making the chosen answer the most appropriate for this question.