Ciara has been working for a government department and earning an annual salary of 55,000. She decides to leave and open her own consultancy business. Her annual expenses will include 6,000 for office rent, 1,500 for equipment rental, 1,000 for supplies, 2,000 for utilities, and a 25,000 salary for an office administrator. Ciara will cover some expenses by using her savings of 15,000 on which she was earning annual interest of 600. Annually, Ciara pays herself the difference between revenue and expenses.

What revenue would Ciara's business have to earn in the first year for Ciara to be better off by 20,000 relative to working at the government department?

Select one:

a.55,600

b.110,500

c.75,600

d.60,500

e.126,100