Disgust Inc. pays its purchases from remote disbursement centers. This strategy delays the clearing of checks. Disbursement time increases by 4 days due to this practice. Cash freed from this scheme are placed in instruments yielding 8%. Average daily disbursement is P50,000. How much will be saved each year in implementing this strategy?

a)21,000

b)12,500

c)14,000

d)16,000