Caesar Corporation reported income before taxes of $200,000 for the years 2020, 2021, and 2022. In 2023 they experienced a loss of $200,000. The company had a tax rate of 25% in 2020 and 2021, and a rate of 35% in 2022 and 2023. Assuming Caesar uses the carryback provisions for the net operating loss, by what amount will the income tax benefit reduce the net loss in 2023?

A. $60,000 B. $200,000 C. $50,000 D. $70,000