An electronics store owner applied to become a distributor of computers manufactured by a particular company. The company promised the store owner that it would grant him a distribution contract. The store owner spent $10,000 in preparation to enter into business as a distributor. The company then informed the store owner that it was withdrawing its promise of a distribution contract. The store owner would have earned $50,000 in profits as a distributor.

If the store owner sues the computer company seeking to recover on a theory of promissory estoppel, how much is he likely to recover?

Group of answer choices

$0.

$10,000.

$50,000.

$60,000.