A diabetes self-management education program generates $45,000 per year for a primary care clinic. The clinic employs a part-time pharmacist to provide this program for 15 hours per week at a rate of $55 per hour. The pharmacist works 50 weeks out of the fiscal year. The only other expense for administering the program is a $250 annual accreditation fee. What is the net income for a diabetes self-management education program?

a) $3500 b) $45,000 c) $96,250 d) $3750