An electronic processor costs $90,000. This processor could be subject to declining balance at the rate of 0% per year. Its installation will cost $10,000. The minimum required profitability is 10% and the tax rate is 40%. Calculate the present value of the tax savings related to the amortization of the cost of capital, if in 5 years the processor will have a salvage value of $20,000. (Note: use the formula to calculate the declining balance):

A. $19,425.8511

B. $24,893.40125

C. $20,125.00412

D. $20,984.14007

E. $22,142.96506