A decision tree shows that if a project is successful, the payoff will be $53,000 in year 1 with a 2/3 chance of occurrence. There is also a 1/3 chance of a $-24,000 payoff in year 1. The cost of capital is 15%. What is the expected payoff of the project in year 0?

A) 25,217.39

B) 46,086.97

C) 27,333.33

D) -20,869.57

E) 23,768.12