A firms investments cost $80000 and are expected to return $97000 before taxes at the end of 1 year. The firm is financed with $50000 debt at an expected rate of 6%. The firm pays taxes at the marginal rate of 35%, and the appropriate cost of capital is 8%. What is the NPV of the firm if it is all equity financed?

a. 4,306

b. (4,306)

c. (10,231)

d. 10,231