23. Suppose you are working in a job that pays $40,000 per year. You are considering quitting that job to go to graduate school to earn a PhD in Underwater Basket Weaving. The PhD will take two years and cost $6,500 tuition per year. You have already spent $1,300 fee to take the Underwater Basket Weaving Admissions Test (UBWAT). You are currently spending $15,000 per year on food and believe you will spend that much during your two years in graduate school. How much per year do you compute your opportunity costs to be? A. $62,800 B. 47,800 C. 41,300 D. 40,000 E. None of the above